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How to create an adjusted trial balance for the following information? transaction # General Journal ACCT Titles I-a Account Receiveable Cash Revenue 1b COGS Inventory
How to create an adjusted trial balance for the following information?
transaction # General Journal ACCT Titles I-a Account Receiveable Cash Revenue 1b COGS Inventory 2 Inventory Accounts Payable 3 Wages Expense Cash 4 Cash Accounts Receivable 5 Account Payable Cash 6 Cash Loss on sale of Machinery Accum. Dep (machinery) Machinery 7 Miscellaneous Expense Cash 8 Cash Common Stock 9 Long-term investments Cash 10 Retained Earnings Cash Dr. S400,ooo S800,ooo S700,ooo S620,ooo 1 , 750,000 120,000 40,000 210,000 98,000 450,000 200,000 100,000 Cr. 800,000 700,000 620,000 1 , 750,000 370,000 98,000 450,000 200,000 100,000 a. lb. 2b. c. d. Adjusting Entries Rent Expense Prepaid Rent Dep- Expense Accum. Dep- Equipment Dep. Expense Accum. Dep- Machinery Amort. Expense Accum. Amortization Interest Expense Interest Payable S180,ooo 180,000 144,000 144,000 142,500 142,500 22,500 22,500 260,000 260,000
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