Ind Corporation'sunated to December 1 2017 1600 52.00 od 220 11700 De Cash 20 Aerunt et 35.000 Netscavab 9.000 Interest Receivable Inventory 36.370 Prepaidurance 1.800 20,700 Bulletines 156 600 Equipment 61.000 Patent 9,720 Allowance for Douth Acts Accumulated Deprecation-Buildings Accumulated Depreciation Equipment Accounts Payable Salaries and was Payable Notes Payable due Anril 30, 2018 Income Tas Payable Interest Payable Notes Payable iue in 2003 Common Stock Retained Earnings Dividends 12.500 Sales Revenue Interest Revenue Gathon Disposal of Plant Assets Bad Debt Expense Cost of Goods Sold 638,500 Depreciation Experne Tencome Tax Expense 0 Insurance Expense 0 Interest Expense Other Operating Expenses 41600 Amortisation Expense 0 Salaries and Wagns Exterise 103,500 Total $1178 590 a5 200 9 4959 925.500 0 $178,590 The following transactions occurred during December Purchased equipment for $17.400 plus sales taxes o 1.200 paid incash Der 2 2 Indigo sold for $3.600 equipment which originally cost $400. Accumulated depreciation on this equipment at January 1 2017 was $1800, 2017 depreciation prior to the sale of equipment was $490. Indigo sold for 55.050 on account inventory that cont34120 Salaries and wages of $6.770 were paid 15 23 Adjustment data 1 2 & Indigo estimates that uncollectible mounts receivable at year end are $3,840, The notereolvables a one year Brote dated April 1, 2017 No Interest has been recorded the balance in repeld Insurance represents payment of a $3.900. 6-month premium on September 1, 2017 The building is being deprecated using the straight-line method over 30 years. The salvage value is $31.500 The equipment owned prior to this year is being depreciated using the straight line method over 5 years. The salvagn value is to Gofcast The equiment purchased on December 2, 2017 is being depreciated using the straight line method over 5 years, with a Salve value of S19801 The patent was acquired on January 1, 2017 and has a useful life of 9 years from that date Unpad salaries at December 31, 2017 total $2,010 Both the short-term and long-term notes payable are dated January 1, 2017 and carry a 10% interest rate. All interestis page next 12 months com expense was $13,700. It was unpaid at December 31 30 so the untitles automatically indeed Whe WO end Detail Credit Account and explanation G 00 CW Benedi Acumulado Equipment To record depreciation de CA Accumulated by predation MIN 2010 Egute 5400 490 Gainon Disposal of Plan To record sale oregalment A Real 5050 SR Soko To record sales revenge Cet ooda Soid 3490 th 3490 To record cost of oods soldi Salaries and We Expense 6770 Cash 6770 Bad Dot Expense 3240 Allowance for Doubtful Accounts 3240 2. Interest Receivable 540 Interest Revenue 540 3. Insurance Expense 2600 Prepaid insurance 2600 4. Depreciation Excense 4170 Accumulated Depreciation-Bulidings 4170 5. Depreciation Expense 1000B Accumulated Depreciation Equipment 10008 6. Deredation Expense 277 Accumulated Depreciation Equipment 277 7. Amortization Expense 1080 Patents 1080 8. Salaries and Wages Expense 2010 Salaries and Wages Payable 2010 Interest Expense 4690 Interest Payable 4690 10 Income Tax Expense 13700 Income Taxes Puyable 13700 Prepare an adjusted trial balance at December 31, 2017 INDIGO CORPORATION Adjusted Trial Balance December 31, 2017 Debit Credit Cach $ Accounts Receivable Notes Receivable Interest Receivable Inventory Prepaid Insurance Land Buildings Equipment Patents Allowance for Doubtful Accounts Accumulated Depreciation Buildings Accumulated Depreciation Equipment Accounts Payable Solanes and Wages Payable Nores Payable Interest Payable Income Tas Payable Common Stock Retained Earnine DV danes Sales Revenue Interest Revenue Gain on Disposal of Plant Assets Bad Debt Expense Cost of Goods Sold Deprecation Expense Insurance Expense Interest Ben Other Operatine Expenses $