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The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. I AM MISSING CASH (DEBIT) and Debit TOTAL---only

Accounts Payable $ 42,880
Notes Payable $ 41,000
Accounts Receivable 115,430
Prepaid Insurance 20,400
Cash ?
Rent Expense 45,000
Common Stock 15,000
Retained Earnings 51,000
Dividends 22,500
Supplies 4,940
Fees Earned 746,050
Supplies Expense 6,070
Insurance Expense 3,100
Unearned Rent 13,200
Land 41,000
Utilities Expense 26,840
Miscellaneous Expense 9,900
Wages Expense 572,100
Prepare an unadjusted trial balance and insert the missing figure for cash.

1 Answer

6 votes

Answer:

I have attached a picture showing the unadjusted Trial balance

The Cash figure was gotten by subtracting the debit side from the credit side.

= 909,130 - ‭867,280‬

= $41,850

The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are-example-1
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