Round your answers to the whole dollar amounts.

Below is the Trial Balance data for Merlin Bookstore Inc. as of November 31, 2016.

Merlin Bookstore

Trial Balance

November 31, 2016

Transcribed Image Text:

Debit Credit 20,000 Cash Accounts Receivable 35,000 105,500 Inventory Land 200,000 Building 800,000 Equipment Accounts Payable 15,400 53,000 8,000 Salary and Wages Payable Bonds Payable 100,000 Common Stock 600,000 Preferred Stock 200,000 Retained Earnings 214,000 Book Revenue 120,900 Rent Revenue 20,000 Miscellaneous Revenue 2,300 Salary and Wage Expense Utilities Expense Rent Expense 3,600 2,700 36,000 30,000 Supplies Expense Depreciation Expense Income Tax Expense 45,000 25,000 Totals 1,318,200 1,318,200