adjusted TRIAL BALANCE
GONE IN A FLASH
30-Nov-16
		Debit	Credit
100	Cash	54,338
110	Investment Securities--AFS	72,000
130	Accounts Receivable	48,608
131	Allowance for Doubtful Accounts		2,094
132	Allowance for Sales Returns and Allowances		1,863
140	Merchandise Inventory	456,100
150	Prepaid Insurance	13,468
160	Store Supplies	12,721
170	Land	285,820
180	Building	476,895
181	Accumulated Depreciation: Building		43,855
182	Office & Store Equipment	163,941
183	Accumulated Depreciation: Office & Store Equipment		38,664
184	Delivery Trucks	198,545
185	Accumulated Depreciation: Delivery Trucks		22,072
200	Accounts Payable		51,274
210	FICA Taxes Payable		0
220	Withholding Taxes Payable		0
230	Unemployment Taxes Payable		0
240	Union Dues Payable		0
250	Salaries & Wages Payable		0
280	Mortgage Payable		200,000
281	Accrued Interest Payable		0
300	Common Stock		100,000
301	PIC in Excess of Par		1,000,000
350	Retained Earnings		85,937
400	Sales		1,779,369
401	Sales Returns	37,784
402	Sales Discounts	12,027
500	Purchases	1,174,818
501	Purchase Returns		12,050
502	Purchase Discounts		13,910
520	Freight In	2,373
600	Salaries & Wages Expense	261,324
605	Payroll Tax Expense	38,056
610	Advertising Expense	11,874
640	Utilities Expense	19,904
800	Interest Expense	8,792
620	REPAIR EXPENSE	1700
	Totals	3,351,088	3,351,088

2) Based on past experience as well as a review of the current accounts receivable detail, the credit department has determined that the following collectibility estimates are reasonable and should be used to adjust the Allowance for Doubtful Accounts at 12/31/16:

Invoice classification Estimated %

By month of sale Uncollectible

December, 2016 3%

November 2016 8%

October 2016 30%

Prior to October 2016 70%