10) ABC CORP HAS THE FOLLOWING UNADJUSTED TRIAL BALANCE AT 12/31/12: CASH AR ALLOWANCE FOR DIA INVENTORY PP INSURANCE PP&E A/D AP NP CS RE 20,000 5,000 290 3,400 1.800 390,000 78,000 1,500 50,000 10,000 211,510 REVENUE COGS WAGE EXPENSE 142,000 BAD DEBT EXPENSE 20,800 52,000 300 493,300 493,300 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 CS RE UNITS S/UNIT BEGINNING 200 PURCHASE #1 600 PURCHASE # 2 400 R GAFS 1,200 ENDING COGS (380) 820 DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT 20,000 5,000 CASH AR 20,000 5,000 290 85 ALLOWANCE FOR DIA 375 3,400 4,960 INVENTORY 8,360 1,800 450 PP INSURANCE 1,350 390,000 PP&E 390,000 78,000 39,000 A/D 117,000 1,500 AP 1.500 50,000 5,000 NP 55,000 10,000 CS 10,000 211,510 RE 211.510 142,000 4,960 REVENUE COGS 142,000 15,840 WAGE EXPENSE 52,000 85 39,000 5,000 BAD DEBT EXPENSE DEPRECIATION EXPENSE 385 39,000 450 INTEREST EXPENSE INSURANCE EXPENSE 5,000 450 493,300 493,300 49,495 49,495 537,385 537,385 REVENUE COGS 20,800 WAGE EXPENSE 52,000 BAD DEBT EXPENSE 300 DEPRECIATION EXPENSE INTEREST EXPENSE INSURANCE EXPENSE