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Page 1: 1 2 3 - > 4 5 6 Question 20 (5 points) The following information is provided for ACME Corporation: ACME Corporation Adjusted

image text in transcribedimage text in transcribed Page 1: 1 2 3 - > 4 5 6 Question 20 (5 points) The following information is provided for ACME Corporation: ACME Corporation Adjusted Trial Balance December 31, 2022 Debit Credit 10,000 510,000 160,000 15,000 345,000 400,000 500,000 $125,000 60,000 Cash 9 Cost of goods sold Accounts receivable Trading investments Inventory a > 8 7 > > 10 => 13 14 15 #1 1 Land Buildings Accumulated depreciation, buildings Accounts payable Line of credit Mortgage payable 16 17 18 19 20 1 21 21 20,000 760,000 260,000 33,500 33,000 980,000 12,500 130,000 123,000 $2,238,500 $2,238,500 Common shares Retained earnings Dividends declared Sales revenue Depreciation expense Income tax expense General and administrative expense Total Page 1: 2 3 1 - > 4 5 6 7 8 9 > > 10 14 a s 12

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