Question

PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you need 125 Х ✓ for А E G H INSTRUCTIONS Shown below, in alphabetical order, are the ACCOUNTS of A-Plus, Inc. Use the TRIAL BALANCE worksheet to set up a trial balance for the fiscal year ending June 30, 20X7. Accounts Payable Accumulated Depreciation-Building Accumulated Depreciation Equipment Building Cash o Depreciation Expense-Building 1 Depreciation Expense-Equipment 2 Equipment 3 Insurance Expense 14 Interest Expense 15 Interest Payable $49,000 75,000 33,000 110,000 155,000 4,000 5,000 72,000 1,000 1,100 9,000 75,000 107.000 16 Land 200 17 Long-term Notes Payable 18 Postage Expense 19 Prepaid Insurance 20 Professional Fees 4,000 142.000

Answer 1

1. Trial Balance -

$ 75,000 A-Plus Inc. Trial Balance For the Year Ended June 30, 20X7 Cash $ 155,000 Supplies $ 2,700 Prepaid Insurance $ 4,000 Short Term Investments $ 27,000 Land $ 75,000 Building $110,000 Accumulated Depreciation - Building Equipment $ 72,000 Accumulated Depreciation - Equipment Accounts Payable Interest Payable Rent Payable Property Tax Payable Unearned Professional Fees Wages Payable Long Term Notes Payable J. Crow, Capital J. Crow, Withdrawals $ 49,000 Professional Fees Depreciation Expenses - Building $ 4,000 Depreciation Expenses - Equipment $ 5,000 Supplies Expense $ 3,400 Telephone Expense $ 900 Utilities Expense $ 1,300 Wages Expense $ 68,000 Rent Expense $ 35,000 Repairs Expense $ 18,900 Insurance Expense $ 1,000 Interest Expense $ 1,100 Postage Expense $ 200 $ 33,000 $ 49,000 $ 9,000 $ 3,400 $ 9,000 $ 500 $ 11,700 $ 107,000 $ 193,900 $ 142,000 Total $633,500 $633,500