Question
Lizzie, Inc. sells toy mice to high end pet stores. Following is Lizzie's trial balance through December 20th. This trial balance does not reflect
Lizzie, Inc. sells toy mice to high end pet stores. Following is Lizzie's trial balance through December 20th. This trial balance does not reflect the transactions that occured during the last 11 days of the year or adjustments that are necessary, as described by the additional information. The Loan payable is due in 4 years (hint: current or non current). Lizzie, Inc. Trial Balance As of December 20, 2021 Debits Credits Cash $ 18,400 $ Accounts receivable 13,000 Supplies 6,790 Inventory 15,000 Equipment 45,000 Accumulated depreciation Accounts payable 24,000 Rent payable Loan payable Interest payable Capital stock Retained earnings Sales Sales - Discounts Cost of goods sold 4,000 Rent expense 11,000 Salaries expense 24,000 Supplies expense Depreciation expense Interest expense Utilities expense 32,500 5,000 21,000 60,590 500 5,400 = +Al $ 143,090 $ 143,090 Rectangular Snip
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