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KING CORNELIUS COMPANY

Adjusted Trial Balance


December 31, 2019

Cash 5,600
Accounts receivable 37,100
Inventory 25,800
Supplies 1,300
Prepaid rent 1,000
Furniture 26,500
Accumulated depreciation-furniture 23,800
Accounts payable 6,300
Salary payable 2,000
Interest payable 600
Unearned sales revenue 2,400
Note payable, long-term 35,000
Cornelius, Capital 22,200
Cornelius, Withdrawals 48,000
Sales revenue 244,000
Interest revenue 2,000
Sales discounts 10,000
Sales returns and allowances 8,000
Cost of goods sold 81,000
Salary expense 72,700
Rent expense 7,700
Depreciation expense 2,700
Utilities expense 5,800
Supplies expense 2,200
Interest expense 2,900
Total 338,300 338,300

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