- Version 1 4 000 560 000 Abc Company Trial Balance December 31 2021 Cash 116 200 Accounts Receivable 86 300 Allowance Fo 1 (178.81 KiB) Viewed 25 times
Version 1 4,000 560,000 ABC Company Trial Balance December 31, 2021 Cash 116,200 Accounts receivable 86,300 Allowance for doubtful accounts Inventory 20,600 Prepaid insurance 3,500 Land 40,000 Building 1,200,000 Accumulated depreciation-Building Patent 12,000 Copyright 18,000 Accounts payable Unearned revenue Notes payable* Bonds payable (10 year) Discount on Bonds Payable 20,000 Common Stock Paid-in capital in excess of par Treasury Stock 11,000 Retained Earnings Dividends Paid 20,000 Sales revenue Sales discounts 56,000 Cost of Goods Sold 460,000 Wages expense 360,000 Depreciation expense 50,000 Amortization expense 3,900 Income tax expense 5,000 Interest expense 17,500 Supplies expense 6,200 2,506,200 42,000 6,300 50,000 300,000 8,000 42,000 293,900 1,200,000 2,506,200 *Notes payable, $20,000 is due within one year, with the remainder due beyond one year.
Income statement Statement of Retained Earnings
Balance Sheet