Music-Is-Us, Inc. Music-Is-Us, Inc., is a supplier of musical instruments for professional and amateur musicians. The company's accountants make adjusting entries monthly, and they make all closing entries annually. The company is growing rapidly and prides itself on having no long-term liabilities. The company has provided the following trial balance dated December 31, 2018 MUSIC-IS-US, INC. TRIAL BALANCE DECEMBER 31, 2018 Cash Marketable securities Accounts receivable Allowance for doubtful accounts Merchandise inventory Office supplies Prepaid insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned customer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on investments Sales Cost of goods sold Bank service charges Uncollectible accounts expense Salary and wages expense Office supplies expense Insurance expense Utilities expense Depreciation expense Income tax expense $ 45,000 25,000 125,000 $ 5,000 250,000 1,200 6,600 1791,000 800,000 64,800 70,000 8,000 75,000 1,000,000 240,200 6,000 1,600,000 958,000 200 9,000 395,000 400 6,400 3,600 48,000 75,000 $3,804,200 $3,804,200 Music-Is-Us, Inc. Music-Is-Us, Inc., is a supplier of musical instruments for professional and amateur musicians. The company's accountants make adjusting entries monthly, and they make all closing entries annually. The company is growing rapidly and prides itself on having no long-term liabilities. The company has provided the following trial balance dated December 31, 2018 MUSIC-IS-US, INC. TRIAL BALANCE DECEMBER 31, 2018 Cash Marketable securities Accounts receivable Allowance for doubtful accounts Merchandise inventory Office supplies Prepaid insurance Building and fixtures Accumulated depreciation Land Accounts payable Unearned customer deposits Income taxes payable Capital stock Retained earnings Unrealized holding gain on investments Sales Cost of goods sold Bank service charges Uncollectible accounts expense Salary and wages expense Office supplies expense Insurance expense Utilities expense Depreciation expense Income tax expense $ 45,000 25,000 125,000 $ 5,000 250,000 1,200 6,600 1791,000 800,000 64,800 70,000 8,000 75,000 1,000,000 240,200 6,000 1,600,000 958,000 200 9,000 395,000 400 6,400 3,600 48,000 75,000 $3,804,200 $3,804,200