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Mackenzie Inc. uses a perpetual inventory system and has prepared the following adjusted trial balance on December 31, 2019: Mackenzie Inc. ADJUSTED TRIAL BALANCE

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Mackenzie Inc. uses a perpetual inventory system and has prepared the following adjusted trial balance on December 31, 2019: Mackenzie Inc. ADJUSTED TRIAL BALANCE December 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2,800.00 2 Accounts Receivable 3,300.00 3 Allowance for Doubtful Accounts 250.00 4 Inventory 6,500.00 5 Prepaid Insurance 800.00 6 Land 6,000.00 7 Buildings and Equipment 32,700.00 8 Accumulated Depreciation 15,100.00 9 Accounts Payable 3,100.00 10 Salaries Payable I 420.00 11 Unearned Rent 360.00 12 Income Taxes Payable 2,525.00 15 Note Payable 5,000.00

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