Hagadorn Company has the following adjusted accounts and balances at year-end (June 30): Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Buildings and equipment Cash Contributed capital Cost of sales Depreciation expense Deferred fees revenue Income taxes expense $360 530 270 360 Account Titles Income taxes payable Interest expense Interest revenue Inventories Land Long-term debt Prepaid expenses Salaries expense 1,950 340 620 890 260 130 300 Retained earnings Sales revenue Rent expense Prepare an adjusted trial balance in good form for Hagadorn Company at June 30. HAGADORN COMPANY Adjusted Trial Balance At June 30, Current Year Debit $ Credit 90 90 170 820 850 1,680 20 750 3,500 570 190
Hagadorn Company has the following adjusted accounts and balances at year-end (June 30): Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Buildings and equipment Cash Contributed capital Cost of sales Depreciation expense Deferred fees revenue Income taxes expense $360 530 270 360 Account Titles Income taxes payable Interest expense Interest revenue Inventories Land Long-term debt Prepaid expenses Salaries expense 1,950 340 620 890 260 130 300 Retained earnings Sales revenue Rent expense Prepare an adjusted trial balance in good form for Hagadorn Company at June 30. HAGADORN COMPANY Adjusted Trial Balance At June 30, Current Year Debit $ Credit 90 90 170 820 850 1,680 20 750 3,500 570 190
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Hagadorn Company has the following adjusted accounts and balances at year-end (June 30):
Accounts payable
Accounts receivable
Accrued expenses payable
Accumulated depreciation
Buildings and equipment
Cash
Contributed capital
Cost of sales
Depreciation expense
Deferred fees revenue
Income taxes expense
Account Titles
$360
530
270
360
Total
1,950
340
620
890
260
130
300
Income taxes payable
Interest expense
Interest revenue
Inventories
Land
Long-term debt
Prepaid expenses
Salaries expense
Sales revenue
Rent expense
Retained earnings
Prepare an adjusted trial balance in good form for Hagadorn Company at June 30.
HAGADORN COMPANY
Adjusted Trial Balance
At June 30, Current Year
Debit
$
Credit
0 $
$
0
90
90
170
820
850
1,680
20
750
3,500
570
190
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