Debit Credit Debit Credit

Account Name Account Name

Cash Cash $25,895\mathrm{.}90$

Accounts Receivable Accounts Receivable $65,776\mathrm{.}87$

Inventory Inventory $30,200\mathrm{.}00$

Fixed Assets $140,000\mathrm{.}00$ Fixed Assets $140,000\mathrm{.}00$

Accumulated depreciation $25,000\mathrm{.}00$ Accumulated depreciation $25,000\mathrm{.}00$

Advances to Owners $6,000\mathrm{.}00$ Advances to Owners $6,000\mathrm{.}00$

Accounts Payable Accounts Payable $17,608\mathrm{.}00$

Accrued taxes $3,000\mathrm{.}00$ Accrued taxes $3,000\mathrm{.}00$

Current portion of LTD $6,000\mathrm{.}00$ Current portion of LTD $6,000\mathrm{.}00$

Note payable Note payable $104,000\mathrm{.}00$

Equipment Loan payable $54,000\mathrm{.}00$ Equipment Loan payable $54,000\mathrm{.}00$

Owner's investment $20,000\mathrm{.}00$ Owner's investment $20,000\mathrm{.}00$

Sales Income$/$Revenue Sales Income$/$Revenue $878,725\mathrm{.}00$

COGS COGS $519,800\mathrm{.}00$

Selling expenses Selling expenses $69,400\mathrm{.}00$

General and Administrative General and Administrative $169,544\mathrm{.}23$

Interest expense Interest expense $19,500\mathrm{.}00$

Income taxes $27,000\mathrm{.}00$ Income taxes $27,000\mathrm{.}00$

$173,000\mathrm{.}00108,000\mathrm{.}001,090,725\mathrm{.}001,090,725\mathrm{.}00$

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.