Flounder Corp.’s unadjusted trial balance at December 1, 2022, is presented below. Debit Credit Cash Accounts Receivable
Posted: Sat May 07, 2022 8:15 pm
Flounder Corp.’s unadjusted trial balance at December 1, 2022,
is presented below.
Debit
Credit
Cash
Accounts Receivable
Notes Receivable
Interest Receivable
Inventory
Prepaid Insurance
Land
Buildings
Equipment
Patent
Allowance for Doubtful Accounts
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Accounts Payable
Salaries and Wages Payable
Notes Payable (due April 30, 2023)
Income Taxes Payable
Interest Payable
Notes Payable (due in 2028)
Common Stock
Retained Earnings
Dividends
Sales Revenue
Interest Revenue
Gain on Disposal of Plant Assets
Bad Debt Expense
Cost of Goods Sold
Depreciation Expense
Income Tax Expense
Insurance Expense
Interest Expense
Other Operating Expenses
Amortization Expense
Salaries and Wages Expense
Total
The following transactions occurred during December.
Adjustment data:
Income tax expense was $18,600. It was unpaid at December
31.
b) Prepare an adjusted trial balance at December 31,
2022.
is presented below.
Debit
Credit
Cash
Accounts Receivable
Notes Receivable
Interest Receivable
Inventory
Prepaid Insurance
Land
Buildings
Equipment
Patent
Allowance for Doubtful Accounts
Accumulated Depreciation—Buildings
Accumulated Depreciation—Equipment
Accounts Payable
Salaries and Wages Payable
Notes Payable (due April 30, 2023)
Income Taxes Payable
Interest Payable
Notes Payable (due in 2028)
Common Stock
Retained Earnings
Dividends
Sales Revenue
Interest Revenue
Gain on Disposal of Plant Assets
Bad Debt Expense
Cost of Goods Sold
Depreciation Expense
Income Tax Expense
Insurance Expense
Interest Expense
Other Operating Expenses
Amortization Expense
Salaries and Wages Expense
Total
The following transactions occurred during December.
Adjustment data:
Income tax expense was $18,600. It was unpaid at December
31.
b) Prepare an adjusted trial balance at December 31,
2022.