2 Peyton Approved 3 Trial Balance 4 . 2017 s Unadjusted trial balance Adjustin entries Adjusted trial balance 6 Account Debit Credit Debit Credit Debit Credit 77 Cash 64,713.72 64,713.72 87 Baking Supplies 165,250.00 165,250.00 9 Merchandise Inventory (FIFO) 25,750.00 25,750.00 Ill Prepaid Rent 7,500.00 7,500.00 'L Prepaid Insurance 2,400.00 2,400.00 12 Baking Equipment 17,000.00 17,000.00 1.1 Accumulated Depreciation 3,285.72 3,285.72 11L Leasehold Improvements 10,000.00 10,000.00 15 Accumulated Amortization 2,000.00 2,000.00 16 Trademark 2,300.00 2,300.00 17' Ofce Supplies 1,600.00 1,600.00 18 Accounts Receivable 30,401.00 30,401.00 19 Notes Payable 10,000.00 10,000.00 20_ Interest Payable ' - 21 Accounts Payable 27,325.00 27,325.00 22 Wages Payable ' - 237 Loans Payable 21,000.00 21,000.00 24 Common Stock 30,000.00 30,000.00 25 Dividends 20,000.00 20,000.00 267 Bakery Sales 335,675.00 335,675 00 2L Merchandise Sales 35,200.00 35,200.00 28 Baking Cost of Goods Sold - 2: Rent Expense 90,000.00 90,000.00 so Interest Expense - 31 Insurance Expense - 32 Depreciation Expense - 337 Amortization Expense - 34 Misc. Expense 2,780.00 2,780.00 35 Ofce Supplies Expense - 36_ Business License Expense 375.00 375.00 37 Advertising Expense 5,200.00 5,200.00 38 Wages Expense - 394 Telephone Expense 3,456.00 3,456.00 40 Merchandise COGS (FIFO) 15,760.00 15,760.00 41 427 Total 464,485.72 464,485 72 - - 464,485 72 464,485 72 4 r | Chart of Accounts Worksheet Adjusting Entries I Income Statement I Closing Entries I Statement of Retained Earnings .. 5