The following balances were drawn from the accounts of Carter Company. The accounts and balances shown here
Question:
The following balances were drawn from the accounts of Carter Company. The accounts and balances shown here are presented in random order:
Equipment................................................................$14,000;
Cash...........................................................................$25,000;
Depreciation Expense..............................................$7,000;
Notes Payable...........................................................$22,000;
Common Stock..........................................................$41,000;
Accumulated Depreciation.......................................$7,000;
Interest Expense........................................................$1,000;
Cost of Goods Sold....................................................$32,000;
Retained Earnings.....................................................$12,000;
Allowance for Doubtful Accounts...........................$2,000;
Merchandise Inventory............................................$19,000;
Interest Payable........................................................$1,000;
Sales Revenue...........................................................$52,000;
Un collectible Accounts Expense..............................$2,000;
and Accounts Receivable..........................................$37,000.
Required
Prepare an adjusted trial balance.
Step by Step Answer:
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds