Cottrell Corporation Trial Balance December 31, 2021 Debit Credit Cash 561,362 Accounts Receivable 253,000 Allowance for Doubtful
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Cottrell Corporation | ||
Trial Balance | ||
December 31, 2021 | ||
Debit | Credit | |
Cash | 561,362 | |
Accounts Receivable | 253,000 | |
Allowance for Doubtful Accounts | 14,000 | |
Inventories | 320,000 | |
Prepaid Insurance | 2,300 | |
Investment in Equity Affiliate | 69,000 | |
Investment in Equity Securities | 97,000 | |
Fair Value Adjustment-Equity | 4,570 | |
Land | 160,000 | |
Office Building | 834,000 | |
Accumulated Depreciation - Office Bldg | 163,000 | |
Equipment | 627,000 | |
Accumulated Depreciation - Equip | 222,907 | |
Patent | 90,000 | |
Accounts Payable | 189,000 | |
Short-Term Notes Payable | 6,100 | |
Discount on Bonds Payable | 47,285 | |
Notes Payable | 837,000 | |
Long-Term Bank Loans | 750,000 | |
Common Stock | 430,000 | |
Retained earnings | 236,770 | |
Sales Revenue | 1,711,493 | |
Sales Returns | 19,000 | |
Cost of Goods Sold | 495,000 | |
SalesSalaires Expense | 141,800 | |
Advertising Expense | 94,000 | |
Bad Debts Expense | 7,200 | |
Office Salaries Expense | 177,000 | |
Utilities Expense | 64,300 | |
Insurance Expense | 12,900 | |
Supplies Expense | 8,800 | |
Repairs& Maintenance Expense | 23,800 | |
Research& Development Expense | 99,000 | |
Depreciation Expense | 122,000 | |
Amortization Expense | 8,000 | |
Miscellaneous Expense | 20,000 | |
Interest Expense | 93,695 | |
Income Tax Expense | 108,000 | |
4,560,012 | 4,560,270 |
A classified Balance Sheet if i did it right?
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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