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Gazam corporations adjusted trial balance at December 31, 20x6 included the following Cash 26,000 Account receivable 50,000 Allowance for doubtful account 5,000 Merchandise inventory 41,000

Gazam corporations adjusted trial balance at December 31, 20x6 included the following

Cash 26,000

Account receivable 50,000

Allowance for doubtful account 5,000

Merchandise inventory 41,000

Land 50,000

Equipment 96,000

Accumulated depreciation 16,000

Account payable 115000

Income taxes payable 5,000

Unearned rent 15,000

Common stock ($10 par 10,000 shares) 150,000

Retained earnings 60,000

Sales 90,000

Interest revenue 4,000

Cost of goods sold 90,000

Selling expense 30,000

Administrative expense 40,000

Income tax expense 12,000

Loss on sale of equipment 10,000

Dividends declared 15,000

460,000 460,000

Prepare a balance sheet at December 31, 20x6, in good form.

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