FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Cumberland city cycles incorporated (ccc) rents bicycles of all kinds for use on the biking paths up and down the Cumberland river.
Cumberland City Cycles, Inc.
Unadjusted Trial Balance
31-Dec-21
DR
CR
Cash
2,500
750
Accounts Receivable
Supplies
Prepaid Rent
Prepaid Insurance
Equipment
Accumulated Depreciation
Accounts Payable
Unearned Revenue
Notes Payable
Interest Payable
Common Stock
Dividends
1,000
3,000
1,200
10,000
500
400
10,000
5,000
500
Retained Earnings
Rental Revenue
10,700
Salaries Expense
Advertising Expense
Utilities Expense
Insurance Expense
Rent Expense
Supplies Expense
Depreciation Expense
Interest Expense
6,300
750
600
26,600
26,600
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Transcribed Image Text:Cumberland City Cycles, Inc. Unadjusted Trial Balance 31-Dec-21 DR CR Cash 2,500 750 Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Unearned Revenue Notes Payable Interest Payable Common Stock Dividends 1,000 3,000 1,200 10,000 500 400 10,000 5,000 500 Retained Earnings Rental Revenue 10,700 Salaries Expense Advertising Expense Utilities Expense Insurance Expense Rent Expense Supplies Expense Depreciation Expense Interest Expense 6,300 750 600 26,600 26,600
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