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Check my work Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were
Check my work Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $600 were declared at the end of the year, and 650 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,600 in cash (for a total at the end of the year of 820 shares). These effects are included below: Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,530 Accounts receivable 2,240 Interest receivable Prepaid insurance Long-term notes receivable Equipment Accumulated depreciation Accounts payable Dividends payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (820 shares) Additional paid-in capital 160 1,640 3,000 15,400 $ 2,990 2,210 600 3,910 2,660 330 82 3,598 Retained earnings 3,120 Sales revenue 37,350 Interest revenue 150 Rent revenue 730 Wages expense 18,400 Depreciation expense 1,780 Utilities expense 370 Insurance expense 790 Rant avnence 0 700 Prey 1 of 9 Next
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