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Cara's Cookie Company Adjusted Trial Balance (Selected Accounts) For the Current Year Ended Account Debit Credit Common Stock (no par): Beginning Balance $458,000 Retained Earnings:
Cara's Cookie Company | ||
Adjusted Trial Balance (Selected Accounts) | ||
For the Current Year Ended | ||
Account | Debit | Credit |
Common Stock (no par): Beginning Balance | $458,000 | |
Retained Earnings: Beginning Balance | 1,400,000 | |
Accumulated Other Comprehensive Income: Beginning Balance | $57,000 | |
Dividends | 61,000 | |
Sales | 3,200,000 | |
Interest Income | 3,800 | |
Dividend Income | 3,400 | |
Gain on Disposal of Plant Assets | 84,000 | |
Unrealized Gain on Trading Securities | 45,000 | |
Gain on Sale of Discontinued OperationsBefore Tax | 72,000 | |
Unrealized Gain on Available-for-Sale BondsBefore Tax | 4,100 | |
Cost of Goods Sold | 590,000 | |
Selling Expenses | 43,000 | |
Office Salaries Expense | 81,000 | |
Legal Fees-General | 10,000 | |
Sales Salaries Expense | 39,000 | |
Advertising Expense | 29,000 | |
Office Supplies Expense | 64,000 | |
Accounting FeesAdministrative | 24,000 | |
Amortization ExpenseGeneral | 24,000 | |
Depreciation ExpenseGeneral | 31,000 | |
Interest Expense | 8,300 | |
Loss on Asset Impairment | 9,000 |
make corrections please:
\begin{tabular}{|c|c|c|c|} \hline Amortization Expense-General & & 24,000 & \\ \hline Depreciation ExpenseGeneral & & 31,000 & (234,000) \\ \hline Operating Income & & & $2,265,000 \\ \hline Seling Expenses: & & & \\ \hline Interest Income & & 3,800 & \\ \hline Dividend Income & & 3,400 & \\ \hline Gain on Disposal of PlantAssets & & 84,000 & \\ \hline Unrealized Gain on Trading Securities & & 45000 & 136200 \\ \hline Operating Expenses: & & & \\ \hline Income Tax Expense & & 8300 & \\ \hline Interest Expense & & (8,300) & \\ \hline Loss on Asset Impairment & & & -9000 \\ \hline Income From Continuing Operations Before Tax & & & 2455900 \\ \hline Operating Income & & & \\ \hline Income Tax Expense & & & 736770 \\ \hline Net Income & & & S 1,719,130 \\ \hline \end{tabular}
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