The trial balance of Northern Airlines at January 31 is shown. It was prepared after posting the recurring transactions for the month of January, but it does not reflect any month-end adjustments.

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Northern Airlines Unadjusted Trial Balance January 31 Cash $ 75,000 Parts Inventory 45,000 Land 80,000 Buildings Hangars 250,000 Accumulated Depreciation-Hangars $ 24,000 Equipment Aircraft 650,000 Accumulated Depreciation-Aircraft 120,000 Tickets Sold in Advance 85,000 Capital Stock 500,000 Retained Earnings 368,000 Ticket Revenue 52,000 Maintenance Expense 19,000 Wage and Salary Expense 30,000 Totals $1,149,000 $1,149,000