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Marigold Clothing is a retailer in Atlanta, Georgia. The company sells gift cards and records the cash received in the Unearned Sales Revenue account.
Marigold Clothing is a retailer in Atlanta, Georgia. The company sells gift cards and records the cash received in the Unearned Sales Revenue account. Presented below is the unadjusted trial balance for Marigold Clothing as of December 31, 2022. MARIGOLD CLOTHING Unadjusted Trial Balance December 31, 2022 Debit Credit Cash $28,400 Accounts Receivable 8,000 Inventory 39.300 Accounts Payable 8.500 Unearned Sales Revenue 5,900 Owner's Capital 61,000 Owner's Drawings 4,500 Sales Revenue 255,600 Sales Returns and Allowances 5,800 Sales Discounts 3,400 Interest Revenue 2,900 Cost of Goods Sold 133,700 Advertising Expense 10,600 Salaries and Wages Expense 64,100 Rent Expense 27.100 Utilities Expense 9.000 Totals $333,900 $333,900
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