Question

How do you do a unadjusted trial balance sheet given the following information: 1-Dec Began business by depositing $7500 in a bank account in the name of the company in exchange for 750 shares of $10 per share common stock. 1-Dec Paid the rent for the current month, $650 . 1-Dec Paid the premium on a one-year insurance policy, $840 . 1-Dec Purchased Equipment for $3600 cash. 5-Dec Purchased office supplies from XYZ Company on account, $300 . 15-Dec Provided services to customers for $6000 cash. 16-Dec Provided service to customers ABC Inc. on account, $3400 . 21-Dec Received $1800 cash from ABC Inc., customer on account. 23-Dec Paid $170 to XYZ company for supplies purchased on account on December 5 . 28-Dec Paid wages for the period December 1 through December 28, $5040 . 30-Dec Declared and paid dividend to stockholders $200 .

Answer 1

Unadjusted Trial Balance
December 31
Account	Debit	Credit
Cash	4800
Accounts receivable	1600
Office supplies	300
Prepaid insurance	840
Equipment	3600
Accounts payable		130
Common stock		7500
Dividend	200
Service revenue		9400
Rent expense	650
Wages expense	5040
Totals $	17030	17030

Working:

Cash					Accounts Receivable
Dec-01	7500	650	Dec-01		Dec-16	3400	1800	Dec-21
Dec-15	6000	840	Dec-01
Dec-21	1800	3600	Dec-01
		170	Dec-23
		5040	Dec-28
		200	Dec-30
End. Bal.	4800				End. Bal.	1600
Office Supplies					Prepaid Insurance
Dec-05	300				Dec-01	840
End. Bal.	300				End. Bal.	840
Equipment					Accounts Payable
Dec-01	3600				Dec-23	170	300	Dec-05
End. Bal.	3600				End. Bal.	130
Common Stock					Dividend
		7500	Dec-01		Dec-30	200
End. Bal.		7500			End. Bal.	200
Service Revenue					Rent Expense
		6000	Dec-15		Dec-01	650
		3400	Dec-16
End. Bal.		9400			End. Bal.	650
Wages Expense
Dec-28	5040
End. Bal.	5040