Company Trial Balance December 31, 2021 ash 46,200 ccounts receivable 86,300 llowance for doubtful accounts 4,000 nventory repaid insurance and 20,600 3,500 40,000 uilding ccumulated depreciation-Building 1,200,000 560,000 atent 12,000 opyright 18,000 ccounts payable 42,000 Inearned revenue 6,300 lotes payable* 50,000 onds payable (10 year) 300,000 remium on Bonds Payable 10,000 ommon Stock 8,000 aid-in capital in excess of par 42,000 reasury Stock etained Earnings 11,000 293,900 ividends Paid 20,000 ales revenue 1,100,000 ales discounts ost of Goods Sold Vages expense 56,000 460,000 360,000 epreciation expense 50,000 mortization expense ncome tax expense nterest expense upplies expense 3,900 5,000 17,500 6,200 2,416,200 2,416,200
Company Trial Balance December 31, 2021 ash 46,200 ccounts receivable 86,300 llowance for doubtful accounts 4,000 nventory repaid insurance and 20,600 3,500 40,000 uilding ccumulated depreciation-Building 1,200,000 560,000 atent 12,000 opyright 18,000 ccounts payable 42,000 Inearned revenue 6,300 lotes payable* 50,000 onds payable (10 year) 300,000 remium on Bonds Payable 10,000 ommon Stock 8,000 aid-in capital in excess of par 42,000 reasury Stock etained Earnings 11,000 293,900 ividends Paid 20,000 ales revenue 1,100,000 ales discounts ost of Goods Sold Vages expense 56,000 460,000 360,000 epreciation expense 50,000 mortization expense ncome tax expense nterest expense upplies expense 3,900 5,000 17,500 6,200 2,416,200 2,416,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare
Transcribed Image Text:DEF Company
Trial Balance
December 31, 2021
Cash
46,200
Accounts receivable
86,300
Allowance for doubtful accounts
4,000
Inventory
20,600
Prepaid insurance
3,500
Land
40,000
Building
Accumulated depreciation-Building
1,200,000
560,000
Patent
12,000
Copyright
Accounts payable
18,000
42,000
Unearned revenue
6,300
Notes payable*
Bonds payable (10 year)
50,000
300,000
Premium on Bonds Payable
10,000
Common Stock
8,000
Paid-in capital in excess of par
42,000
Treasury Stock
Retained Earnings
11,000
293,900
Dividends Paid
20,000
Sales revenue
1,100,000
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
2,416,200
2,416,200
*Notes payable, $20,000 is due within one year, with the remainder
due beyond one year.
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