The Balances for the Accounts of Mike's Maintenance,Inc Calculate the Correct Balance for Cash and Prepare a Trial

question 174

Essay

The balances for the accounts of Mike's Maintenance,Inc.for the year ended December 31 are shown below.Each account shown had a normal balance.
$\begin{array}{|l|r|l|r|}\hline \text { Accounts payable } & \$ 6,500 & \text { Wages expense } & \$ 36,000 \\\hline \text { Accounts receivable } & 7,000 & \text { Rent expense } & 6,000 \\\hline \text { Cash } & ? & \text { Retained earnings } & 68,700\\\hline \text { Maintenance supplies } & 1,200 & & \\\hline \text { Building } & 125,000 & \text { Land } & 50,000 \\\hline \text { Supplies expense } & 21,500 & \text { Unearned maintenance fees } & 4,000 \\\hline \text { Common stock } & 50,000 & &\\ \hline \text { Maintenance revenue } & 175,000 & \text { Dividends } & 48,000 \\\hline\end{array}$
Calculate the correct balance for Cash and prepare a trial balance.

---

Definitions:

Nontraumatic Intracerebral Hemorrhage

A type of stroke caused by bleeding within the brain not caused by external physical trauma.

Acute Myocarditis

A rapid onset inflammation of the heart muscle, which can affect the heart's electrical system and muscle, leading to decreased heart function.

Streptococcus

A genus of spherical, Gram-positive bacteria, some species of which are responsible for diseases such as strep throat, pneumonia, and scarlet fever.

Principal Diagnosis

The primary condition treated or investigated during the patient's hospital stay or health care encounter.