Melody Instruments,Inc Determine the Balance in the Cash Account and Prepare the Business,Melody

Essay

Melody Instruments,Inc.sells musical instruments.On December 31,2017,after its first month of business,Melody Instruments,Inc.had the following balances in its accounts,listed alphabetically.
$$\begin{array} { | l | r | } \hline \text { Accounts Receivable } & \$ 5,000 \\\hline \text { Accounts Payable } & 15,000 \\\hline \text { Advertising Expense } & 2,000 \\\hline \text { Building } & 16,500 \\\hline \text { Cash } & 50,000 \\\hline \text { Common Stock } & 1,200 \\\hline \text { Dividends } & 2,000 \\\hline \text { Equipment } & 70,000 \\\hline \text { Land } & 60,000 \\\hline \text { Notes Payable } & 3,400 \\\hline \text { Office Supplies } & \\\hline &\\\hline \text { Salaries Expense } & 4,000 \\\hline \text { Service Revenue } &72,000 \\\hline \text { Utilities Expense } & 4,100 \\\hline\end{array}$$ Determine the balance in the cash account and prepare the trial balance.