Preparing a Trial Balance Hagadorn Company has the following adjusted accounts and balances at year-end (June 30,
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Preparing a Trial Balance
Hagadorn Company has the following adjusted accounts and balances at year-end (June 30, 2011):
Prepare an adjusted trial balance in good form for the Hagadorn Company at June 30,2011.
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$ 250 $ 70 Accounts Payable Interest Expense Accounts Receivable 420 Interest Income 60 Accrued Expenses Payable Accumulated Depreciation Buildings and Equipment 160 Inventories 710 Land 250 300 1,400 Long-Term Debt Prepaid Expenses Salaries Expense 1,460 175 Cash 30 Contributed Capital Cost of Sales Depreciation Expense Income Taxes Expense Income Taxes Payable 400 640 2,400 780 Sales Revenue Rent Expense Retained Earnings 150 460 135 150 Unearned Fees 50 90
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