The Balances for the Accounts of Milo's Management Co

Essay

The balances for the accounts of Milo's Management Co.for the year ended December 31 are shown below.Each account shown had a normal balance.
$$\begin{array} { | l | l | l | } \hline \text { Accounts Payable ..... } & \$ 6,500 &\text { Wages Expense ......... } & 36,000 \\\hline \text { Accounts Receivable... } & 7,000& \text { Rent Expense .......... } & 6,000 \\\hline \text { Cash ............... } & ? & \\\hline \text { Office Supplies. } & 1,200 & \\\hline \text { Building ............. } & 21,500& \text { Land .................. } & 50,000 \\\hline \text { Supplies Expense ...... } & 118,70& \text { Unearned Management Fees } & 4,000 \\\hline \text { Common Stock......... } & 175,00 &\text { Dividends } & 48,000 \\\hline\end{array}$$