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.

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Related Book For  book-img-for-question

Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

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