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it says answer not complete, and i don't know what i'm missing :( The following is the post-closing trial balance for the Whitlow Manufacturing Corporation
it says answer not complete, and i don't know what i'm missing :(
The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 4,700 1,700 4,700 10,700 3,200 2,700 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 9,000 6,900 e 21,800 21,800 The following transactions occurred during January 2021 Jan. 1 Sold merchandise for cash, $3,200. The cost of the merchandise was $1,700. The company uses the perpetual inventory system 2 Purchased equipment on account for 55,200 from the Strong company. 4 Received a $200 invoice from the local newspaper requesting payment for an advertisement that whitlow placed in the paper on January 2. 8 Sold merchandise on account for $4,700. The cost of the merchandise was $2,500 10 Purchased merchandise on account for $9,350. 13 Purchased equipment for cash, $900. 16 Paid the entire amount due to the strong company 18 Received $3,700 from customers on account. 20 paid 5900 to the owner of the building for January's rent. 30 Paid employees $2,700 for salaries for the month of January 31 Paid a cash dividend of $900 to shareholders 4. Prepare an unadjusted trial balance as of January 31, 2021 Part 3 of 3 Answer is not complete. 10 points Credits WHITLOW MANUFACTURING CORPORATION Unadjusted Trial Balance January 31, 2021 Account Title Debits Cash $ 1,000 Accounts receivable 2.700 Inventory 9,850 Equipment 16,800 Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings 900 Sales revenue Cost of goods sold 4200 Salaries expense 2.700 900 Advertising expense 200 3,200 12,050 9,000 6.900 Dividends 7.900 Rent expense 00 DO Totals $ 39 250 39.050 MC SW Step by Step Solution
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