Answer:
Cash $426,800.00
Debit side $6,500,000.00
Credit side $6,500,000.00
Explanation:
Preparation of the Unadjusted trial balance
SEASIDE Unadjusted Trial Balance
DEBIT SIDE
Cash 426,800.00
Accounts Receivable 660,500.00
Prepaid Insurance 21,600.00
Supplies 11,200.00
Land 1,850,000.00
Dividends 36,000.00
Wages Expense 2,950,000.00
Utilities Expense 82,000.00
Rent Expense 390,000.00
Supplies Expense 23,700.00
Insurance Expense 18,000.00
Miscellaneous Expense 30,200.00
TOTAL $6,500,000.00
CREDIT SIDE
Notes Payable 75,000.00
Accounts Payable 118,600.00
Unearned rent 12,000.00
Common stock 150,000.00
Retained Earnings 1,814,400.00
Fees Earned 4,330,000.00
TOTAL $6,500,000.00
CASH will be the balancing figure since the total of both Debit and Credit columns of trial balance must equal.
Therefore the Unadjusted trial balance be:
Debit side $6,500,000.00
Credit side $6,500,000.00
