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1. Prepare an unadjusted Trial Balance (2pts): Below is information from the General Ledger T-accounts for Walk Like You, Ltd., a merchandiser that sells
1. Prepare an unadjusted Trial Balance (2pts): Below is information from the General Ledger T-accounts for Walk Like You, Ltd., a merchandiser that sells athletic shoes and apparel, as of 8/31/2022. Assume all accounts have their 'normal' debit/credit balance. Prepare the Unadjusted Trial Balance as of 8/31/2022 for Walk Like You, Ltd. listing accounts in the following order: Assets, Liabilities, Common Stock, Retained Earnings, Revenues, Expenses, and Dividends. You must also include a proper heading as shown in class (i.e. firm name, name of schedule, 'as of' date) to receive full credit. Account: Common Stock Account: Cash Balance: $1,084,500 Balance: $750,000 Accounts Receivable $457,015 Retained Earnings $312,750 Prepaid Rent $80,000 Sales Revenue $2,378,320 Inventory $1,276,855 Cost of Goods Sold (COGS) $1,144,280 Equipment $120,000 Wages Expense $560,320 Accumulated Depreciation-Equipment $30,000 Depreciation Expense $20,000 Accounts Payable $514,750 Rent Expense $140,000 Notes Payable $900,000 Dividends $2,850
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