Please explain

tive Problems Text: P 2-3 The Salem Bread Company produces and sells various bakery products to restaurants. The company's fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2013, appears below. Debits 82,000Credits 85,000 4,000 2,300 80,000 Account Title Cash Accounts receivabl. Prepaid rent .. Supplies. Inventory Equipment. Accumulated depreciation-equipment... Accounts payable 225,000 77,000 38,000 5,000 50,000 Wages payable. Note payable.. Interest payable.. 3,000 100,000 127,300 256,000 Common stock Retained earnings Sales revenue .. Cost of goods sold... Wage expense Rent expense.. Depreciation expense .. 145,000 62,000 10,000 Interest expense Supplies expense. Miscellaneous expense . 3,000 8,000 656,300 Totals 656,300