ScholarMatic: Explanation & Answer

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ScholarMatic: Explanation & Answer

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	1	2	3	4	5	6	7	8	9	10
	Unadjusted Trial Balance	Adjustments	Adjustments Balances	Operating Statement	Balance Sheet
Account Title	Dr	Cr	Dr	Cr	Dr	Cr	Dr	Cr	Dr	Cr
Cash	7881				7881				7881
Accounts Receivable	230				230				230
Inventory	9000		(b)8000	(a)9000	8000				8000
Prepaid Insurance	1000			(c)100	900				900
Office Supplies	311			(d)60	251				251
Land	50000				50000				50000
Building	50000				50000