$($A$)/($C$)$ Name

D R C R

Cash $290,135$

Accounts receivable $1,000,000$

Allowance for bad debt $45,000$

Merchandise Inventory $1,150,000$

Store Supplies $62,000$

Prepaid Insurance $225,000$

Prepaid rent $318,500$

Furniture and fixtures $600,000$

Accumulated depreciation$-$Furniture and Fixtures $59,000$

Motor Truck $1,200,000$

Accumulated depreciation Motor Truck

Accounts payable $82,100$

Salary payable

Interest payable $35,800$

Unearned Sales revenue $359,500$

Long$-$term loan $950,000$

Capital $2,900,000$

Withdrawals $125,000$

Sales revenue $3,431,900$

Sales discount $100,500$

Sales returns and allowances $105,500$

Cost of goods sold $1,000,000$

Salaries expense $830,00$

Insurance Expense $225,000$

Utilities Expense $325,665$

Rent Expense $364,000$

Depreciation Expense $-$ Furniture & Fixtures

Depreciation Expense $-$ Motor Truck

Store Supplies Expense

Gain on Disposal of Old Motor Truck $58,000$

Bad$-$Debt Expense

Interest Expense

$7,921,3007,921,300$

Trial Balance

$($i$)$ Store Supplies on hand at June $30,2022$ amounted to $$55,000\mathrm{.}00$

$($ii$)$ Insurance of $$225,000$ was paid on April $1,2022,$ for $9-$months to December $2022$

$($iii$)$ Rent was prepaid on March $1,2022,$ for $7-$months to September $2022.$

$($iv$)$ The furniture and fixtures have an estimated useful life of $10$ years and is being depreciated on the straight$-$line method down to a residual value of $$10,000.$

$($v$)$ The motor truck was acquired on February $1,2022,$ and is being depreciated

over $5$ years on the double$-$declining balance method of depreciation, down to

a residue of $$15,000$

$($vi$)$ Salaries earned by employees not yet paid amounted to $$101,400$ at June $30,2022.$

$($vii$)$ Accrued interest expense as of June $30,2022,$ $$44,400.$

$($viii$)$ On June $30,2022,$ $$309,000$ of the previously unearned sales revenue had been earned.

$($ix$)$ The aging of the Accounts Receivable schedule at June $30,2022$ indicated that the Allowance for Bad Debts should be $$100,000$

$($x$)$ After making all other adjustments, a physical count of inventory was done, which reveals that there was $$1,134,900$ worth of inventory on hand at June $30,2022$

Other data:

$($xi$)$ The business is expected to make principal payments totalling $$275,500$ towards the loan during the fiscal year to June $30,2023$