Red Inc. Trial Balance December 31, 2022 Accounts payable Accounts receivable Other Accrued liabilities Accumulated depreciation Additional paid-in capital Allowance for doubtful accounts Cash Common stock, $10 par Long-term bonds payable Inventories Short-term Investment securities (reported at market; cost, $142,000) Note payable, 5-year Property and equipment Retained earnings Revenue Cost of Goods Sold Salaries expense Rent expense Advertising expense Dividends Totals Debit $600,000 $500,000 $850,000 $150,000 $820,000 $350,000 $80,000 $32,000 $8,000 Credit $180,000 $100,000 $300,000 $260,000 $100,000 $320,000 $200,000 $600,000 $890,000 $500,000 $60,000 3,450,000 3,450,000
Red Inc. Trial Balance December 31, 2022 Accounts payable Accounts receivable Other Accrued liabilities Accumulated depreciation Additional paid-in capital Allowance for doubtful accounts Cash Common stock, $10 par Long-term bonds payable Inventories Short-term Investment securities (reported at market; cost, $142,000) Note payable, 5-year Property and equipment Retained earnings Revenue Cost of Goods Sold Salaries expense Rent expense Advertising expense Dividends Totals Debit $600,000 $500,000 $850,000 $150,000 $820,000 $350,000 $80,000 $32,000 $8,000 Credit $180,000 $100,000 $300,000 $260,000 $100,000 $320,000 $200,000 $600,000 $890,000 $500,000 $60,000 3,450,000 3,450,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Red Inc.
Trial Balance
December 31, 2022
Accounts payable
Accounts receivable
Other Accrued liabilities
Accumulated depreciation
Additional paid-in capital
Allowance for doubtful accounts
Cash
Common stock, $10 par
Long-term bonds payable
Inventories
Short-term Investment securities
(reported at market; cost, $142,000)
Note payable, 5-year
Property and equipment
Retained earnings
Revenue
Cost of Goods Sold
Salaries expense
Rent expense
Advertising expense
Dividends
Totals
Debit
$600,000
$500,000
$850,000
$150,000
$820,000
$350,000
$80,000
$32,000
$8,000
Credit
$180,000
$100,000
$300,000
$260,000
$100,000
$320,000
$200,000
$600,000
$890,000
$500,000
$60,000
3,450,000 3,450,000
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