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23:02 assignment PDF-138 KB The following is the unadjusted trial balance for M & M Toys Limited for the year ended October 31, 2020

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23:02 assignment PDF-138 KB The following is the unadjusted trial balance for M & M Toys Limited for the year ended October 31, 2020 Dr Cr Cash 22,600 Accounts receivable 36,160 Less allowance for doubtful accounts 1,000 Prepaid insurance 2,400 Supplies 3,800 Inventory 65,600 Equipment 20,000 Accumulated depreciation equipment Accounts payable Unearned revenue 42,900 2,600 Wages payable Long term loan payable Common stock 25,000 10,000 Retained earnings 17,060 Dividends 10,000 Sales revenue 928,000 Cost of goods sold 451,600 Advertising expense 45,200 Insurance expense 1,800 Bad debt expense Wages expense 298,000 Supplies expense 18,400 Rent expense 36,000 Depreciation expense Income tax expense 15,000 1,026,560 1,026,560 Additional information: 1. On July 1, 2020 the company paid $2,400 for an insurance policy for July 2020 - June 202 2. The company has prepared the following aging schedule for their receivables

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