Project 8 (2):

Please answer all questions and show all work. Thanks!

46 Project #8: Depreciation Fido's Food Mart Adjusted Trial Balance December 31,20XX Account Title Cash Accounts Receivable Debits Credits 52,898 10,250 Less: Allowance for Doubtful Accounts Inventory Supplies Prepaid Insurance 1,260 20,390 650 320 30,550 12,250 Equipment Vehicle Less: Accumulated Depreciation - Equipment and Vehicle Accounts Payable Unearned Revenue (Gift Cards) Bonds Payable (mature 12/31/XX) Common Stock (200 shares@ $210/share, par $210) Retained Earnings Sales Revenue Less: Sales Discount Cost of Goods Sold Operating Expenses Bad Debt Expense Depreciation Expense Insurance Expense Rent Expense Supplies Expense Wages Expense 62,128 275 12,000 42,000 0 134,725 40 64,330 34,840 3,260 0 160 5,750 1,200 15,500 Totals 252,388 252,388