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EXERCISE 6: BOYSEN Painters Company began operations on January 2, 2010. Shown below is the company's trial balance prepared by its staff accountant for December

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EXERCISE 6: BOYSEN Painters Company began operations on January 2, 2010. Shown below is the company's trial balance prepared by its staff accountant for December 31, 2015. BOYSEN Painters Company UNADJUSTED TRIAL BALANCE December 31, 2015 [in thousands of pesos] Debit Credit Cash P60 Accounts receivable 150 Inventory 360 Equipment 2,600 Accumulated depreciationEquipment PT50 Building 3,600 Accumulated depreciationBuilding 1,200 Patents 1,650 Franchise agreement 255 Organization costs 306 Goodwill 1,035 Accounts payable 36 Accrued wages payable 15 Accrued taxes payable 100

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