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22 November, 09:32

The adjusted trial balance for PI Detectives reported the following account balances: Accounts Receivable $540; Supplies $9,400; Prepaid Insurance $7,600; Equipment $30,000; Accumulated Depreciation $4,400; Accounts Payable $240; Deferred Revenue $5,400; Notes Payable $3,400; Common Stock $24,000; Retained Earnings $6,100; Dividends $3,400; Service Revenue $35,800; Salaries and Wages Expense $22,000; and Depreciation Expense $1,200. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance.

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  1. 22 November, 12:47
    0
    PI Detectives

    Trial Balance

    Debit Credit

    Cash $5,200

    Accounts Receivable $540

    Supplies $9,400

    Prepaid Insurance $7,600

    Equipment $30,000

    Accumulated Depreciation $4,400

    Accounts Payable $240

    Deferred Revenue $5,400

    Notes Payable $3,400

    Common Stock $24,000

    Retained Earnings $6,100

    Dividends $3,400

    Service Revenue $35,800

    Salaries and Wages Expense $22,000

    Depreciation Expense $1,200

    $79,340 $79,340

    Cash Balance is $5,200
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