Cash MONTY WHOLESALE INC. Adjusted Trial Balance December 31, 2021 Debit Credit $12,570 Accounts receivable 20,050 Prepaid insurance 2,470 Inventory 106,670 Supplies 6,570 Land 131,070 Buildings 223,380 Accumulated depreciation-buildings $94.910 Equipment 97,410 Accumulated depreciation-equipment 34,090 Accounts payable 57,280 Deferred revenue 9,810 Refund liability Income tax payable Bank loan payable Common shares 4,750 3,570 100,120 Retained earnings 51,900 145,210 Sales 1,082,630 Cost of goods sold 822,310 Administrative expenses 90,280 Selling expenses 42,920 Interest expense 12,630 Interest income 2,460 Income tax expense 17,500 $1,585,830 $1,585,830 13