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The Balances for the Accounts of Milo's Management Co

Question 207

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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.
 Accounts Payable $6,500 Accounts Receivable... 7,000 Cash ? Office Supplies. 1,200 Building 125,000 Supplies Expense ............ 21,500 Common Stock..... 118,700 Management Revenue. 175,000 Wages Expense ....... 36,000 Rent Expense ..... 6,000 Land . 50,000 Unearned Management Fee, 4,000 Dividends 48,000\begin{array}{l}\begin{array}{|l|l|}\hline \text { Accounts Payable } \ldots \ldots & \$ 6,500 \\\hline \text { Accounts Receivable... } & 7,000 \\\hline \text { Cash } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots&?\\\hline \text { Office Supplies. } & 1,200 \\\hline \text { Building } & 125,000 \\\hline \text { Supplies Expense ............ } & 21,500 \\\hline \text { Common Stock..... } & 118,700 \\\hline \text { Management Revenue. } & 175,000\\\hline\end{array}\begin{array}{|l|l|}\hline \text { Wages Expense ....... } & 36,000 \\\hline \text { Rent Expense ..... } & 6,000 \\\hline\\\hline\\\hline\\\hline \text { Land . } & 50,000 \\\hline \text { Unearned Management Fee, } & 4,000 \\\hline \text { Dividends } & 48,000\\\hline\end{array}\end{array}

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