EX 2-16 Trial balance

The accounts in the ledger of Diva Co. as of July 31, 2012, are listed in alphabetical
order as follows. All accounts have normal balances. The balance of the cash account has
been intentionally omitted.
Accounts Payable $ 28,000                     Notes Payable $ 50,000
Accounts Receivable 40,000                   Prepaid Insurance 6,400
Cash ?                                                    Rent Expense 36,000
Cheryl Sievert, Capital 49,900                 Supplies 4,000
Cheryl Sievert, Drawing 25,000                Supplies Expense 9,000
Fees Earned 350,000                              Unearned Rent 13,500
Insurance Expense 6,000                         Utilities Expense 18,000
Land 125,000                                         Wages Expense 195,000
Miscellaneous Expense 12,000
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting
the missing figure for cash.

Answer:
                                                           DIVA CO.
                                               Unadjusted Trial Balance
                                                        July 31, 2012
                                                                                               Debit                 Credit
                                                                                            Balances             Balances
Cash .................................................................................... 15,000
Accounts Receivable ......................................................... 40,000
Supplies .............................................................................. 4,000
Prepaid Insurance .............................................................. 6,400
Land.................................................................................. 125,000
Accounts Payable ..............................................................                              28,000
Unearned Rent....................................................................                             13,500
Notes Payable.....................................................................                             50,000
Cheryl Sievert, Capital .......................................................                              49,900
Cheryl Sievert, Drawing..................................................... 25,000
Fees Earned........................................................................                            350,000
Wages Expense.................................................................. 195,000
Rent Expense ..................................................................... 36,000
Utilities Expense ................................................................ 18,000
Supplies Expense...............................................................    9,000
Insurance Expense.............................................................    6,000
Miscellaneous Expense.....................................................    12,000
                                                                                            491,400              491,400