Question: Create a balance sheet from the below values: Trial Balance Debit Purchase Discounts Credit $ 16,000.00 Cash $ 414,200.00 Accounts Receivable $ 175,000.00 Rent
Create a balance sheet from the below values: Trial Balance Debit Purchase Discounts Credit $ 16,000.00 Cash $ 414,200.00 Accounts Receivable $ 175,000.00 Rent Revenue $ 65,000.00 Sales Returns and Allowances $ 39,100.00 Retained Earnings $ 994,900.00 Salaries and Wages Payable $ 6,000.00 Sales Revenue $2,250,000.00 Notes Receivable $ 5,000.00 Accounts Payable $ 136,000.00 Accumulated Depreciation-Equipment & Mach $ 44,000.00 Sales Discounts $ 9,400.00 Depreciation Expense Notes Payable $ 100,000.00 Selling Expenses $ 311,000.00 Administrative Expenses $ 138,000.00 Common Stock $ 400,000.00 Income Tax Expense $ 91,900.00 Cash Dividends $ 60,000.00 Accumulated Depreciation - Office Furn. $ 50,000.00 Allowance for Doubtful Accounts $ 15,000.00 Gain / Loss on Sale of Assets $ 36,000.00 Supplies $ 13,000.00 Freight-In $ 8,000.00 Land $ 80,000.00 Equipment & Machinery $ 811,400.00 Bonds Payable $ 200,000.00 Office Furniture $ 313,600.00 Accumulated Depreciation - Buildings $ 33,600.00 Inventory $ 209,850.00 Buildings $ 212,000.00 Purchases Totals $1,455,050.00 $4,346,500.00 $4,346,500.00
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