The following accounts and account balances are available for Badger Auto Parts at December31, 2019:Accounts Payable $ 8,500Accounts Receivable 40,800Accumulated Depreciation (Furniture) 47,300Advertising Expense 29,200Cash 3,200Common Stock 100,000Cost of Goods Sold 184,300Depreciation Expense (Furniture) 10,400Furniture 128,000Income Taxes Expense 3,800Income Taxes Payable $ 3,600Interest Expense 6,650Interest Payable 1,800Inventory 60,500Notes Payable (Long-term) 50,000Prepaid Rent 15,250Retained Earnings, 12/31/2018 15,900Sales Revenue 264,700Utilities Expense 9,700Required:Prepare a trial balance. Assume that all accounts have normal balances.
The following accounts and account balances are available for Badger Auto Parts at December31, 2019:Accounts Payable $ 8,500Accounts Receivable 40,800Accumulated Depreciation (Furniture) 47,300Advertising Expense 29,200Cash 3,200Common Stock 100,000Cost of Goods Sold 184,300Depreciation Expense (Furniture) 10,400Furniture 128,000Income Taxes Expense 3,800Income Taxes Payable $ 3,600Interest Expense 6,650Interest Payable 1,800Inventory 60,500Notes Payable (Long-term) 50,000Prepaid Rent 15,250Retained Earnings, 12/31/2018 15,900Sales Revenue 264,700Utilities Expense 9,700Required:Prepare a trial balance. Assume that all accounts have normal balances.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| The following accounts and account balances are available for Badger Auto Parts at December 31, 2019: Accounts Payable $ 8,500 Accounts Receivable 40,800 Accumulated Advertising Expense 29,200 Cash 3,200 Common Stock 100,000 Cost of Goods Sold 184,300 Depreciation Expense (Furniture) 10,400 Furniture 128,000 Income Taxes Expense 3,800 Income Taxes Payable $ 3,600 Interest Expense 6,650 Interest Payable 1,800 Inventory 60,500 Notes Payable (Long-term) 50,000 Prepaid Rent 15,250 Retained Earnings, 12/31/2018 15,900 Sales Revenue 264,700 Utilities Expense 9,700 Required: Prepare a |
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