Digital Home, Incorporated (DHI) Post Closing Trial Balance December 31, 2022 Digital Home, Incorporated (DHI) Updated Trial Balance December 31, 2023 Debit Credit Cash S 22,600.00 Accounts Receivable $ 142,100.00 Debit Credit Allowance for Doubtful Accounts $ 2,326.00 Cash 20,100 Inventory $ 170,625.00 Equipment S 265,100.00 Accounts Receivable 36,000 Depreciation Expense - Equip $ 3,500.00 Accum Deprec-Equip 22,700.00 Allowance for Doubtful Accounts 1,900 Building $ 280,000.00 Depreciation Expense - Building $ 4,500.00 Inventory 72,500 Accum Deprec-Building $ 31,500.00 Land $ 90,000.00 Equipment 172,000 Loan Payable $ 50,000.00 Interest Payable $ 3,292.00 Accum Deprec-Equip 19,200 Accounts Payable $ 108,525.00 Note Payable S 260,000.00 Building 280,000 Discount on Notes Payable $ 31,640.00 Preferred Stock, 6%, $100 par $ 46,300.00 Accum Deprec- Building 27,000 Paid in Capital - Preferred Stock Common Stock ($8 par) $ 3,700.00 $ 84,000.00 Land 90,000 Accounts Payable 137,930 Paid in Capital - Common Stock Retained Earnings $ 26,400.00 $ 103,490.00 Treasury Stock (100 shares) $ 700.00 Interest Payable Note Payable 820 250,000 Folton Security System Stock $ 16,000.00 Sales $ 880,150.00 Installation Revenue $ 83,370.00 Unearned Installation Revenue $ 3,570.00 Discount on Notes Payable 31,640 Cost of Goods Sold $ 340,900.00 Estimated Coupon Liability S 22,200.00 Preferred Stock, 6%, $100 par 50,000 Revenue Discounts $ 22,200.00 Operating Expenses $ 231,100.00 Paid in Capital - Preferred Stock 3,700 Loss on Disposal of Equipment $ 14,000.00 Legal Fees $ 7,000.00 Common Stock, $8 par 80,000 Bad Debt Expense $ 2,026.00 Maintanance Expense 650.00 Paid in Capital - Common Stock 26,400 Miscellaneous Expense 250.00 Retained Earnings Lease Expense $ 23,000.00 107,490 Interest Expense $ 7,992.00 Treasury Stock (100 shares) 2,200 Income Tax Expense $ 48,500.00 $ 1,727,953.00 $ 1,727,953.00 704,440 704,440