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Consider the following information from a company’s unadjusted trial balance at December 31, 2018. All accounts...

Consider the following information from a company’s unadjusted trial balance at December 31, 2018. All accounts have normal balances. Accounts Receivable $ 5,300 Accounts Payable 690 Cash 1,780 Service Revenue 6,540 Common Stock 4,800 Equipment 5,700 Insurance Expense 440 Land 4,600 Notes Payable, Due 2021 4,800 Notes Receivable, Matures 2019 1,280 Prepaid Insurance 440 Rent Expense 1,440 Retained Earning, January 1, 2018 7,930 Salaries and Wages Expense 3,780 What is the total of the debit side of the unadjusted trial balance?

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Expert Solution

Unadjusted trial balance
Particulars Debit ($) Credit ($)
Accounts Receivables                    5,300
Accounts Payable                       690
Cash                    1,780
Serive Revenue                    6,540
Common Stock                    4,800
Equipment                    5,700
Insurance Expense                       440
Land                    4,600
Notes Payable                    4,800
Notes Receivable                    1,280
Prepaid Insurance                       440
Rent                    1,440
Retained Earnings                    7,930
Slaries & Wages Expesnes                    3,780
TOTAL                 24,760                 24,760
Therefore, the total of the debit side of the unadjusted trial balance will be $24,760

ekkarill92 answered 2 years ago
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