Organic Footwear, Inc.

Trial Balance

$31-$Dec$-21$

Accounts Debit Credit

Cash $29,393$

Investments $153,789?$

Security Deposit $1,500?$

Supplies $750?$

Inventory, $258$ pairs of shoes $15,480?$

Deferred Tax Asset $26,335$

Office Furniture & Fixtures $125,000?$

Information & Communication Systems $115,000?$

Accumulated Depreciation $40,863$

Accounts Payable, terms eom $24,790?$

Wages Payable $6,933?$

Common Stock $500,000?$

Retained Earnings $-$

Sales Revenue $564,000?$

Gain on investments $3,789?$

Cost of Goods Sold $282,000?$

Salaries & Wages Expense $166,400$

Research & Development Expense $78,200$

Advertising Expense $45,120$

Payroll Taxes $24,960$

Depreciation Expense $40,863$

Office Rent Expense $18,000?$

Utilities Expense $12,000?$

Supplies Expense $1,410?$

Professional Fees $9,870$

Insurance Expense $8,000$

Office Equipment Rent Expense $6,000$

Amazon Selling Fees $5,640$

Miscellaneous Expense $1,000$

Income Tax Expense $26,335?$

$1,166,7101,166,710$