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The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.

Accounts Payable $ 43,280
Notes Payable $ 47,000
Accounts Receivable 116,510
Prepaid Insurance 20,800
Cash ?
Rent Expense 44,000
Common Stock 15,000
Retained Earnings 60,000
Dividends 23,500
Supplies 4,660
Fees Earned 746,470
Supplies Expense 6,990
Insurance Expense 3,200
Unearned Rent 10,600
Land 47,000
Utilities Expense 26,600
Miscellaneous Expense 9,000
Wages Expense 572,400

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  • Category:- Accounting Basics
  • Reference No.:- M91644838

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