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Questions and Answers
What was the unadjusted balance of Harbor Realty's Supplies on hand at July 31, 2003?
What was the unadjusted balance of Harbor Realty's Supplies on hand at July 31, 2003?
RM 3,880
What was the unadjusted balance of Harbor Realty's Accumulated Depreciation at July 31, 2003?
What was the unadjusted balance of Harbor Realty's Accumulated Depreciation at July 31, 2003?
RM 9,250
What was the unadjusted balance of Harbor Realty's Fees Earned at July 31, 2003?
What was the unadjusted balance of Harbor Realty's Fees Earned at July 31, 2003?
RM 22,450
What was the unadjusted balance of Harbor Realty's Miscellaneous Expense at July 31, 2003?
What was the unadjusted balance of Harbor Realty's Miscellaneous Expense at July 31, 2003?
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Study Notes
Harbor Realty Trial Balance - July 31, 2003
- Harbor Realty's trial balance, as of July 31, 2003, shows various account balances.
- Cash balance: RM3,425
- Accounts Receivable balance: RM700
- Supplies balance: RM127
- Prepaid Insurance balance: RM62
- Office Equipment balance: RM5,165
- Accumulated Depreciation balance: RM970
- Accounts Payable balance: RM925
- Wages Payable balance: RM125
- Unearned Fees balance: RM290
- Tahir, Capital balance: RM5,200
- Tahir, Drawing balance: RM59
- Fees Earned balance: RM1,250
- Wages Expense balance: RM22,415
- Depreciation Expense balance: RM0
- Rent Expense balance: RM4,200
- Utilities Expense balance: RM2,715
- Supplies Expense balance:RM0
- Insurance Expense balance: RM0
- Miscellaneous Expense balance: RM1,505
Adjusting Data
- Supplies on hand (July 31, 2003): RM380
- Insurance premiums expired: RM315
- Depreciation of equipment: RM4,950
- Wages accrued (but not paid): RM440
- Accrued fees earned (not recorded): RM1,000
- Unearned fees (July 31, 2003): RM750
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Description
Test your knowledge on Harbor Realty's trial balance as of July 31, 2003. This quiz covers various account balances, adjusting entries, and other essential concepts in accounting. Perfect for students studying introductory accounting principles.
