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Melody Instruments Company sells musical instruments. On December 31, 2017, after its first month of ...

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Melody Instruments Company sells musical instruments. On December 31, 2017, after its first month of ...

Melody Instruments Company sells musical instruments. On December 31, 2017, after its first month of business, Melody Instruments had the following balances in its accounts, listed alphabetically.

Accounts Receivable$5,000
Accounts Payable15,000
Advertising Expense2,000
Building16,500
Cash?
L. Melody, Capital50,000
L. Melody, Withdrawals1,200
Equipment2,000
Land70,000
Notes Payable60,000
Office Supplies3,400

Salaries Expense4,000
Service Revenue72,000
Utilities Expense4,100

Determine the balance in the cash account and prepare the trial balance.

Textbook

Horngren's Accounting

Edition: 11^th

Authors: Miller-Nobles, Mattison, Matsumura

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