• Athabasca University, Athabasca

• ACCT 253

Case Study Part 3 Solution ~ Lyryx Learning Inc Spreadsheet Print Preferences Help Case Study Part 3 Solution Name: Megan Durrant Date: 2023-06-24 21:18 Part 3 [15 points] a) Prepare an unadjusted trial balance at December 31, 2023. HINT: Where do you get the information needed to prepare the unadjusted trial balance? The correct answer was : Binarium Inc. Unadjusted Trial Balance December 31, 2023 Debit Credit Cash 136,673 Accounts receivable 149,008 Prepaid rent 3,600 Computers 56,000 Accumulated depreciation, computers......... 3,000 Furniture 19,200 Accounts payable 98,700 Unearned consulting revenue 16,000 Share capital 80,500 Dividends 1,470 Retained earnings 146,500 Consulting revenue earned 34,404 Salaries expense 11,900 Advertising expense 900 Food and drinks expense 53 Repair expense 300 Totals 379,104 379,104 b) What is the next step in the accounting cy