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Create a balance sheet (assets, liabilities, equity, liabilities + equity) for Tech Co using the following information: Adjusted Trial Balance As of December 31, 2014
Create a balance sheet (assets, liabilities, equity, liabilities + equity) for Tech Co using the following information:
Adjusted Trial Balance | ||
As of December 31, 2014 | ||
Debits | Credits | |
Cash | 278,554,562 | |
Accounts Receivable | 128,102,723 | |
Allowance for Doubtful Accounts | 5,764,623 | |
Inventory | 1,438,773,206 | |
Merchandise Purchases | 2,363,146,864 | |
Buildings | 198,895,751 | |
Accumulated Depreciation - Building | 84,843,130 | |
Equipment | 104,891,998 | |
Accumulated Depreciation - Equipment | 42,768,575 | |
Trademark | 80,000 | |
Accounts Payable | 1,243,547,398 | |
Interest Payable | 2,258,179 | |
Taxes Payable | 9,015,728 | |
Notes Payable | 160,391,997 | |
Bonds Payable | 200,000 | |
Premium on Bonds Payable | 3,600 | |
Dividends Payable | 1,500,000 | |
Unearned Sales Revenue | 108,892,400 | |
Unearned Consulting Revenue | 15,000 | |
Common Stock | 32,000 | |
Add'l Paid in Capital | 8,853,900 | |
Retained Earnings | 230,336,598 | |
Sales Revenue | 3,300,237,000 | |
Sales Discount | 38,407 | |
Salary Expense | 234,555,520 | |
Interest Expense | 60,188,228 | |
Advertising Expense | 293,199,650 | |
COGS | 71,249,808 | |
Bad Debt Expense | 992,884 | |
Depreciation Expense | 25,990,526 | |
Total | 5,198,660,127 | 5,198,660,128 |
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