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eek Seven: Chapters 7& 8 Comprehensive Problem Music-Is-Us, Inc., Is a supplier of musical Instruments for professional and amateur musicians. The company's accountants make adjusting entries monthly, and they make all closing entries annually. The company is growing rapidly and prides Itself on having no long-term Iiabilities. The company has provided the following trial balance dated December 31, 2015 MUSIC-IS-US, INC. TRIAL BALANCE DECEMBER 31, 2015 $53,000 25,000 127,000 Cash Marketable securities Accounts receivable Allowance for doubtful accounts Merchandise inventory Office supplies Prepald insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned customer deposits Income taxes payable Capital stock $ 5,600 257,000 1,800 6,710 1,792.000 794.000 68.800 66,000 7.300 74.000 970,000