crazy mountain outfitters co an outfitter store for fishing treks prepared the follo 541669

Adjusting entries

Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations:

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Crazy Mountain Outfitters Co.

Unadjusted Trial Balance

April 30, 2014

Debit Balances

Credit Balances

Cash .

11,400

Accounts Receivable .

72,600

Supplies

7,200

Equipment . .

112,000

Accounts Payable . .

12,200

Unearned Fees

19,200

Capital Stock

20,000

Retained Earnings .

117,800

Dividends . .

10,000

Fees Earned .

305,800

Wages Expense

157,800

Rent Expense

55,000

Utilities Expense

42,000

Miscellaneous Expense

7,000

475,000

475,000

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