The adjusted trial balance of Gary Co. for the year ending December 31, 2025, contains the following. Gary Co. Adjusted Trial Balance December 31, 2025 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Debit $20,892 8,340 3,700 19,470 4,420 8,260 2,154 251 189 $67,676 Credit $6,315 7,120 6,892 21,420 12,730 13,010 189 $67,676

The adjusted trial balance of Gary Co. for the year ending December 31, 2025, contains the following. Gary Co. Adjusted Trial Balance December 31, 2025 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Debit $20,892 8,340 3,700 19,470 4,420 8,260 2,154 251 189 $67,676 Credit $6,315 7,120 6,892 21,420 12,730 13,010 189 $67,676

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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