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Nash Company has the following adjusted accounts and balances at year-end (June 30): Accounts payable $180 Interest expense $140 Accounts receivable 450 Interest income 10
Nash Company has the following adjusted accounts and balances at year-end (June 30):
Accounts payable | $180 | Interest expense | $140 |
Accounts receivable | 450 | Interest income | 10 |
Accrued expenses payable | 120 | Inventories | 860 |
Accumulated depreciation | 250 | Land | 360 |
Additional paid-in capital | 192 | Long-term debt | 1,280 |
Buildings and equipment | 1,600 | Prepaid expenses | 60 |
Cash | 365 | Rent expense | 550 |
Common stock | 48 | Retained earnings | 2,085 |
Cost of sales | 810 | Salaries expense | 830 |
Depreciation expense | 250 | Sales revenue | 2,330 |
Income taxes expense | 335 | Unearned fees | 80 |
Income taxes payable | 35 |
Prepare an adjusted trial balance for the Nash Company at June 30.
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