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Unadjusted Trial Balance for 20x1

The document provides an unadjusted trial balance for George Handyman Services as of December 31, 20x1 listing account balances and totals. It includes accounts such as cash, accounts payable, land, building, salaries expense, and interest expense.

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Nichole Celis
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11 views2 pages

Unadjusted Trial Balance for 20x1

The document provides an unadjusted trial balance for George Handyman Services as of December 31, 20x1 listing account balances and totals. It includes accounts such as cash, accounts payable, land, building, salaries expense, and interest expense.

Uploaded by

Nichole Celis
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Chapter 7

Problem 4: Unadjusted Trial Balance

George Handyman Services had the following account balances as of December 31, 20x1:

Accounts payable 32, 000


Accounts receivable 320, 000
Accumulated depreciation 400, 000
Building 500, 000
Cash 970, 000
Interest expense 96, 000
Land 700, 000
Notes payable 800, 000
Owner’s equity 920, 000
Prepaid rent 50, 000
Salaries expense 240, 000
Service fees 796, 000
Utilities expense 72, 000

Requirement: Prepare the unadjusted trial balance. Make sure you provide a proper heading for the
report and present the accounts in their correct sequence.

Solution:
George Handyman Services
Unadjusted Trial Balance
December 31, 20x1

Accounts Debit Credit

Cash 970, 000

Accounts payable 320, 000

Prepaid rent 50, 000

Land 700, 000

Building 500, 000

Accumulated depreciation 400, 000

Accounts payable 32, 000

Notes payable 800, 000

Owner’s equity 920, 000

Service fees 796, 000

Salaries expense 240, 000

Utilities expense 72, 000

Interest expense 96, 000


Totals 2, 948, 000 2, 948, 000

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