Gross Profit: ___

Net Income before Tax: ___

Total Assets: ____

Retained Earnings: _____

Acct No. Account Title Debit Credit 33,210 100 88,665 42,000 1,500 89,000 6,500 268,700 55,000 40,000 20,000 3,000 700 6,000 5,000 63,000 1001 Cash 1002 Cash - Payroll Account 1003 Investments 1005 Receivables 1006 Allowance for doubtful accounts 1010 Merchandise inventories 1015 Prepaid expenses and other current assets 1110 Property and equipment 1111 Accumulated depreciation 2001 Accounts payable 2010 Accrued payroll and employee benefits 2012 Payroll taxes payable 2015 Interest payable 2017 Current portion of long term debt 2020 Income taxes payable 2210 Long term debt 2220 Other debt 3101 Preferred stock 3110 Common stock 3111 Additional paid-in capital 3120 Retained earnings 5001 Merchandise sales 5003 Services sales 6001 Cost of Merchandise Sales 6003 Cost of services sales 7001 Salares & Wages 7003 Payroll tax expense 7005 Employee benefits 7010 Advertising 7020 Rent 7023 Utilities 7025 Depreciation 7030 Bad debt expense 7040 Interest Expense 7050 Miscellaneous expense 7900 Income tax expense 8001 Dividends 500 145,000 70,000 800,000 202,000 425,000 93,000 125,000 18,000 30,700 40,000 39,000 4,500 28,000 2,000 1,500 2,000 45,825 29,000 1,411,700 1,411,700