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Money Corpo unidad triel bez December 2002 borseres below.. Debit Credit 530.250 Accounts Receivable 541520 Note Recevabe 14.000 Interest Ressivele Inventory 50.630 Drepairs Lond 28,000 Buliding 210,000 Equipment 34000 Dezent 12,600 Allowance for Doubtful Acwants 5700 Accumulated Deprecation- Building 79.000 Acumulos Deprecatione Equipment 32,600 Accounts Payable 38.220 Salaries and Wages Payable @ Nots Payable (du April 30, 2023) 15,400 Income Taxes Payable g Interest Payele 0 Note Payable due in 2025) 49,000 Common Stock 70,000 Retained Eemings 39040 DMands 16,860 Sales Renue 1260,000 Interest Feyenne Cenon Delo Blant Asante Bed Debt Expense 0 Caste Good Sols $82,000 Depreciation Expense Income Tax Epso Insurers Experts 0 Interest Event 0 Other Operang Epeness 36,520 Amore on Emese 0 Selerle Rnd Wees Everde 154.000 Total 51625.960 51625.960 The following transacdon cesurred during December Dec 2 Durchwedegulament for $22.400.pl salu taxa of 51,120 (peld Incesh! 2 Monty seld for $4900 equipment which ornellyt 37,000. Accumulated depredation or the equipment at January 1 2022. We 52 520,2022 depredation prior to the sole of equipment we $1,155. Monty sold for 97.600 on seesurit Ivory that ext 549001 15 22 Selera and we of 59.240 were peld. Adjustment data: 1 Monty estimates that uncollectible accounts receivable at year-end are $5,600. 2 The note receivable isa one-year, 8% note dated April 1, 2022. No interest has been recorded. 3. The balance in prepaid insurance represents payment of a $5,040, 6-month premium on September 1, 2022 4 The building is being depreciated using the straight-line method over 30 years. The salvage value is 542,000. 5. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost 6. The equipment purchased on December 2, 2022 is being depreciated using the straight-line method over 5 years, with a salvage value of $2,520. 7. The patent was acquired on January 1 2022, and has a useful life of 9 years from that date. 8. Unpaid salaries at December 31, 2022, total $3,080. 9. Both the short-term and long-term notes payableare dated January 1, 2022, and carry a 10% interest rate. All interestis payable in the next 12 months 10 Income tax expense was $21,000. It was unpaid at December 31 MONTY CORP. Agus Trial Balanse Dember 2012 Debit Credit Incense 21000 Income The 21000 ste 5449 8440 Swwand Western Serend Web 2000 1400 Prenta Insurance 3350 Prezidiuma 240 ette 140 Eade en Alle De Color Caste Deprecatione 14300 Coco 270000 Nitas Free Lane Pulp 220000 OMS LLDOG Omer-Opera 4320 Gainen Digital Part Amat STE Date TO Show Attempt History Current Attempt in Progress Monty Corp's unadjusted trial balance at December 1, 2022, is presented below. Debit Credit Cash $30,800 Accounts Receivable 51,520" Notes Receivable 14.000 Interest Receivable 0 Inventory 50,680 Prepaid Insurance 5,040 Land 28,000 Buildings 210,000 Equipment 84,000 Patent 12,600 Allowance for Doubtful Accounts $700 Accumulated Depreciation- Buildings 70,000 Accumulated Depreciation- Equipment 33,600 Accounts Payable 38,220 Salaries and Wages Payable O Notes Payable (due April 30, 2023) 15,400 Income Taxes Payable 0 Interest Payable 0 Equipment 33,600 Accounts Payable 38,220 Salaries and Wages Payable 0 Notes Payable (due April 30, 2023) 15.400 Income Taxes Payable 0 Interest Payable 0 Notes Payable (due in 2028) 49,000 Common Stock 70,000 Retained Earnings 89,040 Dividends 16,800 Sales Revenue 1,260,000 Interest Revenue 0 Gain on Disposal of Plant Assets 0 Bad Debt Expense 0 Cost of Goods Sold 882,000 Depreciation Expense 0 Income Tax Expense 0 Insurance Expense 0 Interest Expense O Other Operating Expenses 86,520 Amortization Expense 0 Salaries and Wages Expense 154.000 Total $1,625,960 $1,625,960 The following transactions occurred during December. Dec. 2 Purchased equipment for $22,400, plus sales taxes of $1,120 (paid in cash). 2 Monty sold for $4,900 equipment which originally cost $7,000. Accumulated depreciation on this equipment at January 1, 2022, was $2.520; 2022 depreciation prior to the sale of equipment was $1,155. 15 Monty sold for $7,000 on account inventory that cost $4,900. 23 Salaries and wages of $9,240 were paid. Adjustment data: 1. Monty estimates that uncollectible accounts receivable at year-end are $5,600. 2. . The note receivable is a one-year, 8% note dated April 1, 2022. No interest has been recorded. 3. The balance in prepaid insurance represents payment of a $5,040, 6-month premium on September 1, 2022. 4. The building is being depreciated using the straight-line method over 30 years. The salvage value is $42,000. The equipment owned prior to this year is being depreciated using the straight-line method over 5 years. The salvage value is 10% of cost. 5. 6. The equipment purchased on December 2, 2022, is being depreciated using the straight-line method over 5 years, with a salvage value of $2.520. 7. The patent was acquired on January 1, 2022, and has a useful life of 9 years from that date. 8. Unpaid salaries at December 31, 2022, total $3,080. 9. Both the short-term and long-term notes payable are dated January 1, 2022, and carry a 10% interest rate. All interest is payable in the next 12 months. 10 Income tax expense was $21,000. It was unpaid at December 31. Prepare an adjusted trial balance at December 31, 2022. MONTY CORP. Adjusted Trial Balance December 31, 2022 Debit Credit Income Tax Expense 21000 Income Taxes Payable 21000 Interest Expense 6440 Interest Payable 6440 Salaries and Wages Expense Salaries and Wages Payable 3080 JE Amortization Expense 1400 Patents Insurance Expense 3360 Prepaid Insurance 5040 Interest Receivable 840 Interest Revenue 840 Bad Debt Expense 4900 Allowance for Doubtful Accounts 5600 Equipment