WELLS TECHNICAL INSTITUTE

WELLS TECHNICAL INSTITUTE
Unadjusted Trial Balance
December 31, 2013
  Debit   Credit
  Cash $ 34,000
  Accounts receivable 0
  Teaching supplies 8,000
  Prepaid insurance 12,000
  Prepaid rent 3,000
  Professional library 35,000
  Accumulated depreciation—Professional library $ 10,000
  Equipment 80,000
  Accumulated depreciation—Equipment 15,000
  Accounts payable  26,000
  Salaries payable 0
  Unearned training fees 12,500
  Common stock 10,000
  Retained earnings 80,000
  Dividends 50,000
  Tuition fees earned 123,900
  Training fees earned 40,000
  Depreciation expense—Professional library 0
  Depreciation expense—Equipment 0
  Salaries expense 50,000
  Insurance expense 0
  Rent expense 33,000
  Teaching supplies expense 0
  Advertising expense 6,000
  Utilities expense 6,400




  Totals $ 317,400 $ 317,400








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