Luce Accounting Trial Balance For Year Ended December 31, 2020 Balance Sheet Income state Closing entries Adjusted trial balance Debit Credit Balance Sheet (New Fiscal) Debit Credit Debit Credit Debit Credit Debit Credit L'adjusted trial balance Adjustments Debit Credit Debit Credit 14,000 85,000 8,000 219,000 139,000 13.000 40.100 5.000 300,900 Account Cash Accounts receivable Prepaid expense Inventory Equipmea Accumulated amortization Equipment Accounts Payable Accruals Uncanned revenue Notes payable Screencapital Income Summary Rent TV Sales Sales Discounts Sales returns and allowances Cost of goods solid Salt pead Run CANS Advertising Insurance AS Supplies Amortization pola, sument Input Totals 2.200 405.000 1,800 20,000 216,900 25,000 20,000 3,500 7,500 3,000 1,400 766,100 766,100 received Jan 2020S300 cusboa De 3! 2019 and booked as Rent revende had advertising work done at $1,000 that have yet to receive an invoice Paid $600 annual insurance on July 1 2019 and booked as Insurance expense acetize equipment at $1.39.000 cost over straightline over 10 years