Business & Finance

Debits:
Cash $11,800
AR $4,340
Operating expenses $5,000
Johnson - drawings $1,000
Supplies $5,750
Total $27,890

Credits:
Fees revenue $11,140
Johnson - capital $12,000
AP $4,750
Total $27,890

I think you took the $4,200 as cash received from clients on account. These are cash sales.

I need a little help with figuring out the unadjusted trial balance for the following transactions:
1. Mr. Johnson invested $12,000 cash in the business.
2. Purchased supplies on account, $5,750
3. Paid operating expenses, $5,000
4. Billed Clients for fees, $6,940
5. Received cash from cash clients, $4,200
6. Paid creditors on account, $1,000
7. Received $2,600 from clients on account
8. Withdrew $1,000 cash for personal use.

I am always getting $23,690 as the unadjusted trial balance, but my teacher says that it is in fact $27,890. Please show some work or explain how you got your answer. Thanks.