Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Notes Payable
Accounts Payable
Common Stock
Retained Earnings
Dividends
Fees Earned
Wages Expense
Rent Expense
May 31, 20Y6
Advertising Expense
Gas, Electricity, and Water Expense
Miscellaneous Expense
Debit Balances Credit Balances
x
x
171,175
x
< × ×
x
x
50,000
x
x
429,850
270,000
>
x
25,200
5,100
>
>
x
x
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Transcribed Image Text:Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense May 31, 20Y6 Advertising Expense Gas, Electricity, and Water Expense Miscellaneous Expense Debit Balances Credit Balances x x 171,175 x < × × x x 50,000 x x 429,850 270,000 > x 25,200 5,100 > > x x
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Notes Payable
Accounts Payable
The Lexington Group
Unadjusted Trial Balance
May 31, 2016
Debit Balances Credit Balances
20,350
37,000
1,100
200
171,175
36,000
26,000
Common Stock
50,000
Retained Earnings
94,150
Dividends
15,000
Fees Earned
429,850
Wages Expense
270,000
Rent Expense
63,000
Advertising Expense
25,200
Miscellaneous Expense
5,100
608,125
636,000
expand button
Transcribed Image Text:Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable The Lexington Group Unadjusted Trial Balance May 31, 2016 Debit Balances Credit Balances 20,350 37,000 1,100 200 171,175 36,000 26,000 Common Stock 50,000 Retained Earnings 94,150 Dividends 15,000 Fees Earned 429,850 Wages Expense 270,000 Rent Expense 63,000 Advertising Expense 25,200 Miscellaneous Expense 5,100 608,125 636,000
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Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning