In the books of M TAdjusted Trial BalanceParticularsDebit $Credit $Cash$127,157.75 Notes Receivable$4,500.00 Accounts Receivable$12,132.40 Interest Receivable$40.00 Merchandise inventory$31,000.86 Estimated Returns Inventory$1,654.00 Office supplies$500.00 Store supplies$1,800.00 Prepaid Insurance$3,000.00 Land$55,000.00 Office Equipment$75,000.00 Accumulated Depreciation-office equipment $19,350.00 Store Equipemnt$75,500.00 Accumulated Depreciation-store equipment $12,150.00 Accounts Payable $50,861.00 Salaries payable $1,600.00 Customer refunds payable $2,861.20 Note payable $25,000.00 S H Pilot Capital $270,343.00 S H pilot drawings$8,000.00 Sales $160,136.75 Cost of merchandise sold$99,363.34 Sales salaries expense$16,950.00 Advertising expense$275.00 Depreciation expense-store equipment$1,000.00 Store supply expense$5,601.00 Misc selling expense$900.00 Office salary expense$17,750.00 Depreciation expense-office equipment$500.00 Insurance expense$600.00 Office supplies expense$2,025.00 Rent expense$4,000.00 Misc. admin expense$1,027.60 Rent Revenue $3,300.00 Interest Revenue $40.00 Interest expense$365.00 Total$545,641.95 $545,641.95
In the books of M TAdjusted Trial BalanceParticularsDebit $Credit $Cash$127,157.75 Notes Receivable$4,500.00
Prepare Income Statement and Statement Owners Equity
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