Question: Prepare a Balance Sheet dated Dec. 31, 2020 Your Name, Inc. Adjusted Trial Balance 31-Dec-20 DEBITS CREDITS Cash 35,100 Marketable Securities 1,000 Accounts Rec. 150,000

Prepare a Balance Sheet dated Dec. 31, 2020

Your Name, Inc.
Adjusted Trial Balance
31-Dec-20
DEBITS CREDITS
Cash 35,100
Marketable Securities 1,000
Accounts Rec. 150,000
Allowance for Bad Debt 5,500
Inventory 3,000
Prepaid Insurance 7,500
Land 30,000
Building 150,000
Accumulated Dep. - Building 50,000
Equipment 120,000
Accumulated Dep. - Equipment 43,000
Accounts Payable 12,000
Salaries Payable 1,100
Unearned Revenue 0
Interest Payable 1,120
Income Taxes Payable 9,496
Note Payable 56,000
Bonds 100,000
Common Stock 60,000
Additional Pd-in-Capital 100,000
Retained Earnings 22,000
Sales 330,000
Cost of Goods Sold 198,000
Bad Debt Expense 7,500
Depreciation Expense - Equipment 23,000
Depreciation Exp. - Build. 5,000
Salaries Expense 26,400
Gain 200
Interest Expense 1,120
Bond Interest Expense 10,000
Insurance Expense 15,500
Treasury Stock 2,800
Dividends 3,000
Revenue 2,000
Income Tax Expense 9,496
795,416 795,416

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