Question

Ensemble Co.

Unadjusted Trial Balance
For the Year Ending December 31, 2018
Debit Balances Credit Balances
Cash 42,900
Accounts Receivable 123,500
Prepaid Insurance 27,000
Equipment 300,000
Accounts Payable 52,000
Salaries Payable 4,800
Common Stock 40,000
Retained Earnings 137,200
Dividends 5,000
Service Revenue 1,216,000
Salary Expense 660,000
Advertising Expense 275,000
Miscellaneous Expense 16,600
1,801,500 1,801,500
How does grading work?
Ensemble Co.
UNADJUSTED TRIAL BALANCE
ACCOUNT TITLE DEBIT CREDIT
1 Cash
2 Accounts Receivable
3 Prepaid insurance
4 Equipment
5 Accounts Payable
6 Salaries Payable
7 Common Stock
8 Retained Earnings
9 Dividends
10 Service Revenue
11 Salary Expense
12 Advertising Expense
13 Miscellaneous Expense
14 Totals

Answer 1

Ensemble Co.

UNADJUSTED TRIAL BALANCE

ACCOUNT TITLE DEBIT CREDIT

1 Cash 42,900

2 Accounts Receivable 123,500

3 Prepaid insurance 27,000

4 Equipment 300,000

5 Accounts Payable 52,000

6 Salaries Payable 4,800

7 Common Stock 40,000

8 Retained Earnings 137,200

9 Dividends 5,000

10 Service Revenue 1,216,000

11 Salary Expense 660,000

12 Advertising Expense 275,000

13 Miscellaneous Expense 16,600

14 Totals 1,466,600 1,466,600

Step-by-step explanation:

A Trial Balance is used to check for mathematical accuracy. It is a list of Debits and Credit prepared from Ledger Account.