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ignore the numbers in the chart, not sure if they are right prepare an adjusted trial balance The following balances were drawn from the accounts
ignore the numbers in the chart, not sure if they are right
prepare an adjusted trial balance
The following balances were drawn from the accounts of Carter Company. The accounts and balances shown here are presented in random order Equipment-$14,000; Cash-$25,000; Depreciation Expense-$7,000; Notes Payable-$22,000; Common Stock- $41,000 Accumulated Depreciation-$7,000; Interest Expense-$1,000, Cost of Goods Sold-$32,000; Retained Earnings-$12,000, Allowance for Doubtful Accounts-$2,000, Merchandise Inventory-$19,000; Interest Payable-$1,000, Sales Revenue-$52,000; Uncollectible Accounts Expense-$2,000; and Accounts Receivable-$37.000 CARTER COMPANY Trial Balance Account Titles Debit Credit $ 25,000 37,000 2,000 19,000 14,000 Cash Accounts receivable Allowance for doubtful accounts Merchandise inventory Equipment Accumulated depreciation Interest payable Notes payable Common stock Retained earnings Sales revenue Cost of goods sold Depreciation expense Uncollectible accounts expense Interest expense Totals 7,000 1,000 22,000 41,000 12,000 52,000 32,000 7,000 2,000 1,000 137,000 $ $ 137,000 Step by Step Solution
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