10) ABC CORP HAS THE FOLLOWING UNADJUSTED TRIAL BALANCE AT 12/31/12 CASH AR 20,000 5,000 ALLOWANCE FOR DIA 290 INVENTORY PP INSURANCE 3,400 1,800 PP&E A/D AP NP CS RE 390,000 78,000 1,500 50,000 10,000 211,510 REVENUE COGS WAGE EXPENSE 142,000 20,800 BAD DEBT EXPENSE 52,000 300 493,300 THE INSURANCE WAS PAID OCT 1ST, 2012 AND RUNS THRU SEPT 30ST OF 2013. THE PP&E WAS PLACED IN SERVICE 1/1/10. LIFE 10 YRS, SL ZERO SALVAGE. INVENTORY INFORMATION PROVIDED TO THE RIGHT. (ASSUME FIFO) THE ENDING AR ALLOWANCE SHOULD BE $375. THE ENDING NP BALANCE = $55,000. REQUIRED: PREPARE THE FINAL TRIAL BALANCE AT DEC 31ST, 2012 (15 POINTS) CASH AR ALLOWANCE FOR DIA INVENTORY PP INSURANCE PP&E A/D AP NP REVENUE 493,300 UNITS S/UNIT BEGINNING 200 17 PURCHASE #1 600 20 PURCHASE #2 400 22 GAFS 1,200 ENDING (380) COGS 820 DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT 20,000 $5,000 CASH 20,000 AR 5,000 290 85 ALLOWANCE FOR DIA 375 3,400 1,800 4,960 INVENTORY 8,360 450 PP INSURANCE 1,350 390,000 PP&E 390,000 78,000 39,000 A/D A/D 117,000 1,500 AR AP 1,500 50,000 5,000 NP NP 55,000 10,000 CS 10,000 211,510 RE RE 211,510 142,000 REVENUE 142,000 4,960 COGS 15,840 WAGE EXPENSE 52,000 85 39,000 5,000 493,300 493,300 450 49,495 BAD DEBT EXPENSE DEPRECIATION EXPENSE INTEREST EXPENSE INSURANCE EXPENSE 385 39,000 49,495 5,000 450 537,385 537,385 COGS 20,800 WAGE EXPENSE 52,000 BAD DEBT EXPENSE 300 DEPRECIATION EXPENSE INTEREST EXPENSE INSURANCE EXPENSE