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Debit Credit Debit Credit Account Name Account Name Cash Cash 2 5 , 8 9 5 . 9 0 Accounts Receivable Accounts Receivable 6 5
Debit Credit Debit Credit
Account Name Account Name
Cash Cash
Accounts Receivable Accounts Receivable
Inventory Inventory
Fixed Assets Fixed Assets
Accumulated depreciation Accumulated depreciation
Advances to Owners Advances to Owners
Accounts Payable Accounts Payable
Accrued taxes Accrued taxes
Current portion of LTD Current portion of LTD
Note payable Note payable
Equipment Loan payable Equipment Loan payable
Owner's investment Owner's investment
Sales IncomeRevenue Sales IncomeRevenue
COGS COGS
Selling expenses Selling expenses
General and Administrative General and Administrative
Interest expense Interest expense
Income taxes Income taxes
Note: The account balances that will have no change from Unadjusted Trial Balance to end of month balance have been filled in for you already. Please note that although Accounts Payable usually has a Credit balance, there are reasons it might have a Debit balance, this is not an error in the Case Study.
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