Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 25

Preparing an Adjusted Trial Balance
The adjusted trial balance for PI Detectives reported the following account balances: Accounts Receivable $500; Supplies $9,000; Prepaid Insurance $7,200; Equipment $28,000; Accumulated Depreciation $4,000; Accounts Payable $200; Unearned Revenue $5,000; Notes Payable $3,000; Contributed Capital $22,000; Retained Earnings $5,700; Dividends $3,000; Service Revenue $33,800; Wages Expense $20,000; and Depreciation Expense $1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance.