GREAT ADVENTURES, Inc.

Adjusted Trial Balance

December 31, 2019

Accounts Debit Credit

Cash 64,200

Accounts Receivable 2,000

Inventory 5,000

Prepaid insurance 2,400

Prepaid rent 1,600

Supplies (Office) 300

Supplies (Racing) 200

Equipment (Bikes) 12,000

Equipment (Kayaks) 21,000

Accumulated depreciation 8,000

Accounts payable 2,800

Income tax payable 14,000

Interest payable 750

Notes payable 30,000

Common stock

($1.00 par - 1,000,000 shares authorized,10,000 shares issued and outstanding) 10,000

Paid-in Capital in Excess of Par-Common 10,000

Dividends 4,000

Merchandise Sales Revenue 27,500

Sales returns and allowances 2,500

Service revenue (Clinic) 50,400

Service revenue (Racing) 17,500

Advertising expense 1,000

Cost of Goods Sold 15,000

Depreciation expense 8,000

Income tax expense 14,000

Insurance expense 2,400

Interest expense 750

Legal fees expense 1,500

Miscellaneous expense 1,200

Rent expense 800

Salaries expense 2,000

Selling expense 5,000

Supplies expense (Office) 1,500

Supplies expense (Racing) 2,600

Totals 170,950 170,950

For EPS (earnings per share) calculations use 10,000 shares of common stock as the weighted average number of shares outstanding.