\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Dreams Realty Incorporated } \\ \hline \multicolumn{3}{|c|}{ Adjusted Trial Balance } \\ \hline \multicolumn{3}{|c|}{ October 31,2020} \\ \hline Accounts & Debit & Credit \\ \hline Cash & 77,922 & \\ \hline Accounts Receivable & 88,935 & \\ \hline Inventory & 25,400 & \\ \hline Investments & 72,000 & \\ \hline Prepaid Insurance & 9,000 & \\ \hline Furniture and Equipment & 34,325 & \\ \hline Vehicles & 78,935 & \\ \hline Loans to employees & 15,000 & \\ \hline Buildings and Improvements & 122,000 & \\ \hline marketable securities & 15,300 & \\ \hline Land & 93,248 & \\ \hline Accumulated Depreciation & & 110,345 \\ \hline Allowance for doubtful accounts & & 8,000 \\ \hline Goodwill & 17,920 & \\ \hline Accounts Payable & & 42,125 \\ \hline Unearned Revenue & & 12,840 \\ \hline Sales Tax Payable & & 1,980 \\ \hline Bonds Payable & & 89,200 \\ \hline Interest Payable & & 6,370 \\ \hline Notes Payable & & 185,000 \\ \hline Common stock & & 39,000 \\ \hline Retained Earnings & & 155,125 \\ \hline TOTAL & 649,985 & 649,985 \\ \hline \end{tabular} Requirement 1 Requirement 2 Additional information related to the adjusted Trial Balance are as follows: 1 Cash accounts include $38.000 restricted in a fund to pay bonds payable that mature in 2022 (already completed as example in the table provided) 3 The marketable securities consist of treasury bills, al of which mature by March 31,2021. 4 Unearned revenue wil be recognized equally over tha next three years 5 The notes payable account consist of a c) $60,000 note due to be paid in 4 annual installments, with the next installment due Dec 31,2021 635,000 of the loans to employees wil be collected on December 31, 2020 and $10,000 on December 315t,2021. Note: Assets, apart from the normal non-current assets, that are being held for long-term use are to be classified under non-current assets as investments \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Dreams Realty Incorporated } \\ \hline \multicolumn{3}{|c|}{ Adjusted Trial Balance } \\ \hline \multicolumn{3}{|c|}{ October 31,2020} \\ \hline Accounts & Debit & Credit \\ \hline Cash & 77,922 & \\ \hline Accounts Receivable & 88,935 & \\ \hline Inventory & 25,400 & \\ \hline Investments & 72,000 & \\ \hline Prepaid Insurance & 9,000 & \\ \hline Furniture and Equipment & 34,325 & \\ \hline Vehicles & 78,935 & \\ \hline Loans to employees & 15,000 & \\ \hline Buildings and Improvements & 122,000 & \\ \hline marketable securities & 15,300 & \\ \hline Land & 93,248 & \\ \hline Accumulated Depreciation & & 110,345 \\ \hline Allowance for doubtful accounts & & 8,000 \\ \hline Goodwill & 17,920 & \\ \hline Accounts Payable & & 42,125 \\ \hline Unearned Revenue & & 12,840 \\ \hline Sales Tax Payable & & 1,980 \\ \hline Bonds Payable & & 89,200 \\ \hline Interest Payable & & 6,370 \\ \hline Notes Payable & & 185,000 \\ \hline Common stock & & 39,000 \\ \hline Retained Earnings & & 155,125 \\ \hline TOTAL & 649,985 & 649,985 \\ \hline \end{tabular} Requirement 1 Requirement 2 Additional information related to the adjusted Trial Balance are as follows: 1 Cash accounts include $38.000 restricted in a fund to pay bonds payable that mature in 2022 (already completed as example in the table provided) 3 The marketable securities consist of treasury bills, al of which mature by March 31,2021. 4 Unearned revenue wil be recognized equally over tha next three years 5 The notes payable account consist of a c) $60,000 note due to be paid in 4 annual installments, with the next installment due Dec 31,2021 635,000 of the loans to employees wil be collected on December 31, 2020 and $10,000 on December 315t,2021. Note: Assets, apart from the normal non-current assets, that are being held for long-term use are to be classified under non-current assets as investments
