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Accounts General Ledger Pane in the Glass Company Statement of Retained Earnings For Year Ended December 3 1 , 2 0 2 3 Retained Earnings,

Accounts General Ledger Pane in the Glass Company
Statement of Retained Earnings
For Year Ended December 31,2023
Retained Earnings, January 1
Retained Earnings, December 31
Number Title Debit Credit
100 Cash 446,874,640-
110 Accounts Receivable 49,293,000-
115 Allowance for Bad Debts 1,478,790
120 Inventory 14,629,000
130 Notes Receivable 200,000
135 Accumulated Depreciation 74,940,000
140 Equipment 55,840,280
160 Buildings 31,000,000-
170 Land 22,691,600-
180 Patents 170,000-
185 Accumulated Amortization -53,000
190 Interest Receivable 3,000-
195 Prepaid Insurance Expense 3,333-
200 Accounts Payable -70,050,000
205 Unearned Rent Revenue 31,500
300 Common Stock -120,648,520
305 APIC - Common Stock -267,000,000
340 Retained Earnings -74,230,000
400 Sales Revenue -45,421,000
410 Interest Revenue -3,000
405 Rent Revenue 31,500
415 Loss on Sale of Equipment 7,000
500 Cost of Goods Sold 19,600,000-
510 Depreciation Expense 2,556,000-
518 Amortization Expense 3,000-
520 Bad Debt Expense 241,790-
540 Salaries Expense 8,750,000-
560 Insurance Expense 16,667-
599 Income Tax Expense 2,000,000-
600 Dividends 8,000-
Total 653,887,310653,887,310
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