Lamonte Company reports the following budgeted December 31 adjusted trial balance. Cash Accounts receivable Merchandise inventory...

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Lamonte Company reports the following budgeted December 31 adjusted trial balance. Cash Accounts receivable Merchandise inventory Equipment Accumulated depreciation-Equipment Accounts payable Loan payable Common stock Retained earnings (beginning year balance) Sales Cost of goods sold Loan interest expense Depreciation expense Salaries expense Totals Debit $ 50,000 Credit 120,000 64,000 125,000 $ 25,000 34,000 22,000 200,000 58,000 520,000 360,000 8,000 10,000 122,000 $ 859,000 $ 859,000 Lamonte Company reports the following budgeted December 31 adjusted trial balance. Cash Accounts receivable Merchandise inventory Equipment Accumulated depreciation-Equipment Accounts payable Loan payable Common stock Retained earnings (beginning year balance) Sales Cost of goods sold Loan interest expense Depreciation expense Salaries expense Totals Debit $ 50,000 Credit 120,000 64,000 125,000 $ 25,000 34,000 22,000 200,000 58,000 520,000 360,000 8,000 10,000 122,000 $ 859,000 $ 859,000