.. C Spire 8:03 PM @ 25% Test 4 Tips & Guidelines - Chapter 6... USE THE DATA FOR ANSWERING THE INCOME STATEMENT (18 - 23) AND BALANCE SHEET (40-46) COMPUTATIONS: Lion Consulting Adjusted Trial Balance June 30, 2019 Debit Credit Balances Balances Cash 92.000 Accounts Receivable 450.000 Merchandise Inventory 370,000 Estimated Returns Inventory 5,000 Office Supplies 10.000 Prepaid Insurance 12.000 Office Equipment 220,000 Accumulated Depreciation - Office 58,000 Equip 650.000 87.500 38,500 10,000 4,000 "140,000 Store Equipment Accumulated Depreciation - Store Equip Accounts Payable Customer Refunds Payable Salaries Payable Note Payable (final payment due 2029) M.T. Lion, Capital M.T. Lion, Drawing Sales Cost of Merchandise Sold Sales Salary Expense Advertising Expense Depreciation Expense-Store Equipment Miscellaneous Seling Expense Office Salaries Expense Rent Expense Insurance Expense Depreciation Expense-Office Equipment Office Supplies Expense Miscellaneous Administrative Expense Interest Expense Totals 431,000 300,000 8.925,000 5.620,000 850.000 420.000 33,000 18.000 540.000 48,000 24,000 10,000 4,000 6,000 12.000 9.694,0009,694,000 *Note: The current portion of the note payable is $7,000