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NE Company FINAL TRIAL BALANCE, JANUARY 31, 2005 GENERAL LEDGER Page 2 Account Name G/L Account Number Debit Credit Balance forward 780,656.03 142,099.37 Provincial Sales

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NE Company FINAL TRIAL BALANCE, JANUARY 31, 2005 GENERAL LEDGER Page 2 Account Name G/L Account Number Debit Credit Balance forward 780,656.03 142,099.37 Provincial Sales Tax Payable 2065 3,210.05 GST Input Tax Credits Receivable 2070 1,818.61 GST Payable 2071 2,817.09 Payroll Clearing 207: Long-Term Debt 2110 165,000.00 Sally Gosling, Capital 3010 . 552,314.10 Sally Gosling, Drawings 3020 100.000.00 Sales 4000 40,725.00 Sales Returns & Allowances 4010 1.289.00 Sales Discounts 4020 C 752.00 Interest Revenue 4100 Purchases 5000 18,000.00 Purchase Returns & Allowances 5010 1,200.00 Purchase Discounts 5020 1,800.00 Salaries and Wages 6010 1,445.89 Employer's Payroll Deductions 6020 95.08 Rent 6030 800.00 Repairs & Maintenance 6040 562.00 Balance forward 905,418.61 909,165.61NE Company FINAL TRIAL BALANCE, JANUARY 31, 2005 GENERAL LEDGER Page 3 G/L Account Account Name Debit Credit Number Balance forward 905,418.61 909,165.61 Utilities 6045 597.00 Travel & Entertainment 6050 70.00 Office Supplies 6060 870.00 Leases-Equipment 6065 310.00 Bank Charges & Interest 6070 150.00 Professional Fees 6080 250.00 Depreciation 6090 689.00 Property Taxes 6100 171.00 Insurance 6110 300.00 Fees & Dues 6120 340.00 TOTAL 909,165.61 909,165.61Answer the following independent situations in the space provided in your Answer Sheet. 'art A ic Rourke Group bought a tractor on January 1, 2005 for $65,000. me]? use the declining balance depreciation method with a 30% rate. L. Calculate the depreciation for the year ended December 31, 2005. 2. Calculate the depreciation for the year ended December 31, 2006.

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