Exercise 10 Completing a Merchandiser's Accounting Cycle The end-of-month trial balance of St. Paul Technology at January 31, 2012, follows: Accounting.docx [Read-Only) - Microsoft Word Drawing Tools File Home Insert Page Layout References Read-Only This document is locked for editing by another user. Mailings Review View Add-Ins Nitro Pro 10 Acrobat Format Save As Page: 357 of 1,446 Words: 508,494 English (U.S.) ST. PAUL TECHNOLOGY Trial Balance January 31, 2012 Account Debit Credit Cash $ 16,260 Accounts receivable 18,930 Inventory 65,000 Supplies 2,580 Building 188,090 Accumulated depreciation-building $ 35,300 Furniture 44,800 Accumulated depreciation-furniture 5,500 Accounts payable 27,900 Salary payable Unearned sales revenue 6,480 Note payable, long-term 85,000 Tarsus, capital 152,190 Tarsus, drawing 9,100 Sales revenue 179,930 Sales discounts 7,100 Sales returns and allowances 8,080 Cost of goods sold 101,900 Selling expense 21,380 General expense Total 9,080 $492,300 $492,300 W W 3 130% 0-0 EN KAP VTC40 11:54 PM 17/07/16 Additional data at January 31, 2012: a. Supplies consumed during the month, $1,400. Half is selling expense, and the other half is general expense. b. Depreciation for the month: building, $3,800; furniture, $4,600. One-fourth of depreciation is selling expense, and three-fourths is general expense. C. Unearned sales revenue earned during January, $4,420. d. Accrued salaries, a general expense, $1,100. e. Inventory on hand, $63,460. St. Paul uses the perpetual inventory system. 134