9 wizards of waverly place ses Thtree Monsters SGuSoS9 Comprehensive AssigneCThe Following Post-dosing signment The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of Decembe 2017 Cash Accounts receivable Allowance for doubtful accounts Inventory Accounts payable Common stock Retained earnings $ 9,800 41,800 $ 2,500 78,000 21,800 5e,868 Transactions for 2018 1. Acquired an additional $20,000 cash from the issue of common 2. Purchased $85,000 of inventory on account. 3. Sold inventory that cost $91,000 for $160,000. Sales were made on account 4. The c 5. On September 1, LGS loaned $18,000 to Eden Co. The note had an 8 percent interest rate and a one-year 6. Pald $19,000 cash for operating expenses. 7. The company collected $161,000 cash from accounts receivable 8. A cash payment of $92,000 was paid on accounts payable 9. The company paid a $5,000 cash dividend to the stockholders 0 Uncolect 11. Recorded the accrued interest at December 31, 2018 (see item 5) ble accounts are estimated to be 1 percent of sales on account. S Prev23 of 3 Next > Check my work Required information Accounting Equation for the Year 2018 of 2 Assets - Liabilities Stockholders' Equity Allowance MerchandiseNotes Invento Accounts Receivable: Receivable Payable Commonined Accounts Titles for Retained E Cash Accounts + Stock Earnings 4:06:23 ook int