Chapter 4, Problem 4.1ME

Preparing a Trial Balance

Hagadorn Company has the following adjusted accounts and balances at year-end (June 30):

Accounts Payable	$ 250	Interest Expense	$ 70
Accounts Receivable	420	Interest Income	60
Accrued Expenses Payable	160	Inventories	710
Accumulated Depreciation	250	Land	300
Additional Paid-in Capital	300	Long-Term Debt	1,460
Buildings and Equipment	1,400	Prepaid Expenses	30
Cash	175	Salaries Expense	640
Common Stock	100	Sales Revenue	2.400
Cost of Sales	780	Rent Expense	460
Depreciation Expense	150	Retained Earnings	150
Income Taxes Expense	135	Unearned Fees	90
Income Taxes Payable	50

Prepare an adjusted trial balance in good form for the Hagadorn Company at June 30.