Panther Builders, Inc. Adjusted Trial Balance Income Bal. Sheet December 31, 2021 Statement Stmt. Own. Equity Acdlj Description v DR v CR v Dr. g l g 100 Cash 3,310,788.00 101 Accounts Receivable 1,756,720.00 102 Allowance for Doubtful Accounts 35,134.40 103 Shortterm Investments 14,000.00 104 Fair Value AdjustmentST 1,500 105 Inventory 933,104.10 106 Prepaid Insurance 43,750.00 43,750 107 Supplies 5,016.00 110 Availableforsale Investments 483,800.00 111 Fair Value AdjustmentAFS 5,200.00 120 Land 1,135,000.00 121 Building 3,000,000.00 122 Accumulated Depreciation-Building 346,154.08 123 Machinery 850,000.00 124 Accumulated Depreciation Machinery 183,300.00 125 Equipment 650,000.00 126 Accumulated Depreciation Equipment 203,923.85 127 Truck 56,500.00 128 Accumulated Depreciation Truck 48,166.56 130 Right-of-use Asset 500,000.00 175 Patents 55,000.00 201 Accounts Payable 358,598.10 202 Salaries Payable 1,722,000.00 203 Utilities Payable 9,000.00 204 Payroll Taxes Payable 33,990.00 205 Interest Payable 50,750.00 206 Dividends Payable 350,000.00 207 Note Payable short term 150,000.00 208 Income Tax Payable 190,247.00 220 Lease Liability 417,250.00 221 Note Payable long term 454,500.00 225 Bond Payable 2,500,000.00 226 Discount on Bond Payable 128,224.00 Common Stock, $1 par, $1M shares authorized; 235,000 shares issued and 301 outstanding 295,000.00 302 APIC Common Stock 4,463,193.00 303 Retained Earnings 695,590.00 304 Unrealized Gains (Losses) Equity 5200 305 Unearned Compensation 157,777.78 306 Treasury Stock 71,500.00 307 APIC Treasury Stock 25,000.00 401 Sales 8,186,460.00 $ 8,186,460.00 500 Cost of Goods Sold 4,550,000.00 $ 4,550,000.00 600 Compensation Expense 2,222.22 $ 2,222.22 601 Salaries Expense 2,045,000.00 $ 2,045,000.00 602 Bad Dept Expense 23,734.40 $ 23,734.40 605 Payroll Tax Expense 88,990.00 $ 88,990.00 606 Advertisting Expense 125,000.00 $ 125,000.00 607 Insurance Expense 121,250.00 $ 121,250.00 608 Supplies Expense 22,989.00 $ 22,989.00 609 Depreciation Expense 277,679.48 $ 277,679.48 610 Amortization Expense 5,000.00 $ 5,000.00 611 Utilities Expense 9,000.00 $ 9,000.00 612 Miscellaneous Expenses 9,300.00 $ 9,300.00 614 Interest Expense 126,165.00 $ 126,165.00 615 Income Tax Expense 164,247.00 617 Realized Gains (Losses) 3,500.00 620 Unrealized Gains (Losses) Income 1,500.00 Totals 20,728,456.98 20,728,456.98 $ 2,856,330.11 $ 3,636,460.00