Lansing Co.

Trial Balance

12/31/14

	Acct Balance
Cash	12,000
Accounts Receivable	6,000
Allowance for Doubtful Accounts	1,000
Supplies	4,000
Inventory	7,000
Prepaid Insurance	2,000
Land	29,000
Building	44,000
Equipment	9,000
Accumulated Depreciation	6,000
Goodwill	8,000
Accounts Payable	5,000
Wages Payable	9,000
Unearned Revenues	6,000
Long Term Note Payable	56,000
Common Stock	14,000
Additional Paid-In-Capital	15,000
Treasury Stock	2,000
Retained Earnings (1/1/14)	1,000
Dividends (paid)	2,000
Sales	73,000
Sales Discounts	7,000
Sales Returns	3,000
Cost of goods sold	21,000
Bad Debt Expense	1,000
Rent Expense	8,000
Depreciation Expense	6,000
Salaries Expense	10,000
Insurance Expense	3,000
Interest Expense	2,000

What are Total Assets?

What is Net Income?

What are Ending Retained Earnings (12/31/14)?

What is Gross Profit?

What is total Stockholders Equity?

What is Income from Operation?