LYNN TRADING COMPANY UNADJUSTED TRIAL BALANCE DECEMBER 31, 2016 Debit Credit 23,000 Cash 45,000 Accounts Receivable 900 Allowance for Doubtful Accounts 90,000 Inventory, December 31 6,000 Prepaid Insurance 6,000 Prepaid Supplies Equipment 91,000 Accumulated Depreciation-Equipment 38,000 55,000 Notes Payable Common Stock 80,800 Retained Earnings 10,000 Sales Revenue 618,000 Cost of Goods Sold 420,000 Salaries and Wages Expense (sales) 50,000 6,700 Advertising Expense Salaries and Wages Expense (administrative) 65,000 802,700 802,700