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Organic Footwear, Inc. Directions: Using the space provided in Excel, provide a brief explanation and, when appropriate, show the computations necessary to derive the first
Organic Footwear, Inc. Directions: Using the space provided in Excel, provide a brief explanation and, when appropriate, show the computations necessary to derive the first year balances in rows where marks exist. Use the yellow highlighted space provided to the right of the accounts.
Trial Balance
Dec
Accounts Debit Credit
Cash
Investments
Security Deposit
Supplies
Inventory, pairs of shoes
Deferred Tax Asset
Office Furniture & Fixtures
Information & Communication Systems
Accumulated Depreciation
Accounts Payable, terms eom
Wages Payable
Common Stock
Retained Earnings
Sales Revenue
Gain on investments
Cost of Goods Sold
Salaries & Wages Expense
Research & Development Expense
Advertising Expense
Payroll Taxes
Depreciation Expense
Office Rent Expense
Utilities Expense
Supplies Expense
Professional Fees
Insurance Expense
Office Equipment Rent Expense
Amazon Selling Fees
Miscellaneous Expense
Income Tax Expense
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