Advertising ExpenseInsurance ExpenseAdjustment data:2.3.3,9003.5001. Depreciation is $6,700 on buildings and $5,700 on equipment. (Both are operating expenses.)Interest of $3,200 is due and unpaid on notes payable at December 31.Income tax due and unpaid at December 31 is $22,700.Prepare an adjusted trial balance.$1,312,900$1.312.900Other data: $13,700 of the notes payable are payable next year.KINGBIRD WHOLESALE COMPANYAdjusted Trial Balance$Debit$Credit The trial balance of Kingbird Wholesale Company contained the following accounts shown at December 31, the end of the company'sfiscal year.CashAccounts ReceivableInventoryLandKingbird Wholesale CompanyTrial BalanceDecember 31, 2025BuildingsAccumulated Depreciation-BuildingsEquipmentAccumulated Depreciation-EquipmentNotes PayableAccounts PayableCommon StockRetained EarningsDividendsSales RevenueSales DiscountsCost of Goods SoldSalaries and Wages ExpenseUtilities ExpenseMaintenance and Repairs ExpenseAdvertising ExpenseDebit$ 33,20039,30071,70090,700198,70082,2008,7004,700708,60050,00010,1007,6003,900Credit$ 58,70039,20053,40016,200158,70065,900920,800

Trial Balance - It is the summary of all ledger account which is open in the books of account. Trial…

Advertising Expense nsurance Expense djustment data: 2. 3,900 3. 3,500 $1,312,900 1. Depreciation is $6,700 on buildings and $5,700 on equipment. (Both are operating expenses.) Interest of $3,200 is due and unpaid on notes payable at December 31. Income tax due and unpaid at December 31 is $22,700. $1,312,900 ther data: $13,700 of the notes payable are payable next year.

Advertising Expense nsurance Expense djustment data: 2. 3,900 3. 3,500 $1,312,900 1. Depreciation is $6,700 on buildings and $5,700 on equipment. (Both are operating expenses.) Interest of $3,200 is due and unpaid on notes payable at December 31. Income tax due and unpaid at December 31 is $22,700. $1,312,900 ther data: $13,700 of the notes payable are payable next year.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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