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The Balances for the Accounts of Milo's Management Co

Question 216

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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 Wages Expense 36,000 Accounts Receivable... 7,000 Rent Expense 6,000 Cash ?\begin{array} { l | r | l | r } \text { Accounts Payable..... } & \$ 6,500 & \text { Wages Expense } \ldots \ldots \ldots & 36,000 \\\hline \text { Accounts Receivable... } & 7,000 & \text { Rent Expense } \ldots \ldots \ldots \ldots & 6,000 \\\hline \text { Cash } \ldots \ldots \ldots \ldots \ldots \ldots \ldots & ? & & \\\hline\end{array}
 Offee Supplies. 1,200 Building 125,000 Supplies Expense...... 21,500 Land 50,000 D. Milo, Capital ......... 118,700 Unearned Management Fegt 4,000 Management Revenue. 175,000 D. Milo. Withdrawrals 48,000\begin{array} { | l | r | l | r } \hline \text { Offee Supplies. } & { 1,200 } & & \\\hline \text { Building } \ldots \ldots \ldots \ldots \ldots & 125,000 & & \\\hline \text { Supplies Expense...... } & 21,500 & \text { Land } \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 50,000 \\\hline \text { D. Milo, Capital ......... } & 118,700 & \text { Unearned Management Fegt } & 4,000 \\\hline \text { Management Revenue. } & 175,000 & \text { D. Milo. Withdrawrals } & 48,000\end{array} Calculate the correct balance for Cash and prepare a trial balance.

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MILOS MANAGEMENT CO.
Trial Balance Decem...

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