Stevens Repair Company, a repair service company, has the following chart of accounts in alphabetical order for the end of its first years operations May 31, 2024 :Accounts Payable12, 150 Fees Earned 324, 600Accounts Receivable38, 400Land112,500 Accumulated Dep. - Building87, 550Miscellaneous Exp6, 075Accumulated Dep. - Equipment97, 950Prepaid Insurance7, 200Advertising Exp22, 800Repairs Exp17, 250 Building150, 250Retained Earnings146,000Cash7, 500Salaries Exp193, 370Common Stock75,000Supplies 1, 980 Dividends15,000 Unearned Rent6, 750Equipment135, 300 Utilities Expense42, 375 Prepare an Unadjusted Trial Balance for Stevens Repair Company for May 31, 2024.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Stevens Repair Company, a repair service company, has the following chart of
accounts in alphabetical order for the end of its first years operations May 31, 2024
:Accounts Payable12, 150 Fees Earned 324, 600Accounts Receivable38, 400Land112,500
Accumulated Dep. - Building87, 550Miscellaneous Exp6, 075Accumulated Dep. -
Equipment97, 950Prepaid Insurance7, 200Advertising Exp22, 800Repairs Exp17, 250
Building150, 250Retained Earnings146,000Cash7, 500Salaries Exp193, 370Common
Stock75,000Supplies 1, 980 Dividends15,000 Unearned Rent6, 750Equipment135, 300
Utilities Expense42, 375 Prepare an Unadjusted Trial Balance for Stevens Repair
Company for May 31, 2024.
Transcribed Image Text:Stevens Repair Company, a repair service company, has the following chart of accounts in alphabetical order for the end of its first years operations May 31, 2024 :Accounts Payable12, 150 Fees Earned 324, 600Accounts Receivable38, 400Land112,500 Accumulated Dep. - Building87, 550Miscellaneous Exp6, 075Accumulated Dep. - Equipment97, 950Prepaid Insurance7, 200Advertising Exp22, 800Repairs Exp17, 250 Building150, 250Retained Earnings146,000Cash7, 500Salaries Exp193, 370Common Stock75,000Supplies 1, 980 Dividends15,000 Unearned Rent6, 750Equipment135, 300 Utilities Expense42, 375 Prepare an Unadjusted Trial Balance for Stevens Repair Company for May 31, 2024.
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