The Adjusted Trial Balance section of the worksheet for Vandermeer Farm Supply follows. The owner made no
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The Adjusted Trial Balance section of the worksheet for Vandermeer Farm Supply follows. The owner made no additional investments during the year. Prepare a postclosing trial balance for the firm on December 31,2016.
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ACCOUNTS Debit Credit S 19,600 Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciotion-Equipment Nates Payable Accounts Payable Social Seturity Tax Payable Medicore Tax Payable Ken Vandermeer, Capital Ken Vandermeer, Draving Income Summary 60,800 187,200 3,160 S 220 18,800 10,500 9700 1,490 410 271,140 75,000 181,000 187 200 778,000 15,400 487,900 6,400 Sales Refurns and Allowances Purchases Freight In Purchoses Returns and Allowances Purchases Discounts Rent Expense Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Insurance Expense Depreciation Expense Equipment Uncollectible Accounts Expense Totals 9,500 6,300 34,800 6,340 124,140 12,700 7,600 1,660 9,100 1,220 S1,293,260 S1,293,260
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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