NATTIE CORPORATION UNADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Covers Appendix C, Chapter 4 and 5 ACCOUNTS...

 

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NATTIE CORPORATION UNADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Covers Appendix C, Chapter 4 and 5 ACCOUNTS DEBIT CREDIT CASH FV-NI Short Term INVESTMENTS ACCOUNTS RECEIVABLE ALLOWANCE FOR DOUBTFUL ACCOUNTS INVENTORY PREPAID INSURANCE OFFICE BUILDING ACCUMULATED DEPRECIATION (OFFICE BUILDING) OFFICE EQUIPMENT ACCUMULATED DEPRECIATION (OFFICE EQUIPMENT) ACCOUNTS PAYABLE WAGES PAYABLE 96,868 30,300 425,755 8,400 402,912 16,456 500,000 0 120,000 0 205,258 27,328 NOTES PAYABLE 60,000 PREFERRED STOCK, 30,000 OUTSTANDING ON DECEMBER 31, 2020 COMMON STOCK, 160,000 ISSUED and OUTSTANDING ON DEC 31, 2020 100,000 185,000 RETAINED EARNINGS, January 1 SALES REVENUE SALES DISCOUNTS 280,623 3,880,524 SALES RETURNS AND ALLOWANCES PURCHASES PURCHASES DISCOUNTS TRANSPORTATION-IN 20,571 51,259 2,600,824 35,678 WAGES EXPENSE 25,235 320,523 RENT EXPENSE 40,955 INSURANCE EXPENSE 0 SUPPLIES EXPENSE 25,673 GAIN ON SALE OF ASSETS OF DISCONTINUED ACTIVITY 13,650 ADVERTISING EXPENSE 18,860 OPERATING LOSS ON DISCONTINUED OPERATIONS 21,998 TELEPHONE EXPENSE 28,540 CASH DIVIDENDS DECLARED -Preferred Dividends 29,732 CASH DIVIDENDS DECLARED-Common Dividends TOTAL 20,000 4,796,461 4,796,461 NOTE: All revenue, expense, gain and loss figures above are before tax. This company uses a Periodic Inventory system. The company follows ASPE NATTIE CORPORATION UNADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Covers Appendix C, Chapter 4 and 5 ACCOUNTS DEBIT CREDIT CASH FV-NI Short Term INVESTMENTS ACCOUNTS RECEIVABLE ALLOWANCE FOR DOUBTFUL ACCOUNTS INVENTORY PREPAID INSURANCE OFFICE BUILDING ACCUMULATED DEPRECIATION (OFFICE BUILDING) OFFICE EQUIPMENT ACCUMULATED DEPRECIATION (OFFICE EQUIPMENT) ACCOUNTS PAYABLE WAGES PAYABLE 96,868 30,300 425,755 8,400 402,912 16,456 500,000 0 120,000 0 205,258 27,328 NOTES PAYABLE 60,000 PREFERRED STOCK, 30,000 OUTSTANDING ON DECEMBER 31, 2020 COMMON STOCK, 160,000 ISSUED and OUTSTANDING ON DEC 31, 2020 100,000 185,000 RETAINED EARNINGS, January 1 SALES REVENUE SALES DISCOUNTS 280,623 3,880,524 SALES RETURNS AND ALLOWANCES PURCHASES PURCHASES DISCOUNTS TRANSPORTATION-IN 20,571 51,259 2,600,824 35,678 WAGES EXPENSE 25,235 320,523 RENT EXPENSE 40,955 INSURANCE EXPENSE 0 SUPPLIES EXPENSE 25,673 GAIN ON SALE OF ASSETS OF DISCONTINUED ACTIVITY 13,650 ADVERTISING EXPENSE 18,860 OPERATING LOSS ON DISCONTINUED OPERATIONS 21,998 TELEPHONE EXPENSE 28,540 CASH DIVIDENDS DECLARED -Preferred Dividends 29,732 CASH DIVIDENDS DECLARED-Common Dividends TOTAL 20,000 4,796,461 4,796,461 NOTE: All revenue, expense, gain and loss figures above are before tax. This company uses a Periodic Inventory system. The company follows ASPE