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Part 1 Post the Unadjusted Trial Balance totals to the T-Accounts on the sheet labeled T-Accounts. These numbers will represent your beginning balances. Gatsby,
Part 1 Post the Unadjusted Trial Balance totals to the T-Accounts on the sheet labeled "T-Accounts." These numbers will represent your beginning balances. Gatsby, Inc. Unadjusted Trial Balance 12/31/XX Debit Credit Cash 43,550 Accounts Receivable 146,000 Prepaid Insurance 12,000 Supplies 3,300 Inventory 80,000 Land 85,000 Building 250,000 Accumlated Depreciation-Building 40,000 Equipment 160,000 Accumlated Depreciation-Equipment 8,000 Accounts Payable 90,500 Interest Payable 0 Wages Payable 0 Unearned Revenue - Alarm Systems 60,000 Long-Term Bank Note Payable 150,000 Common Stock 200,000 Retained Earnings 123,950 Dividends 8,000 Revenue 390,000 Cost of the Goods Sold 142,000 Depreciation Expense 0 Insurance Expense 9,000 Interest Expense Rent Expense Supplies Expense Utilities Expense Vehicle Expense 30,000 0 18,300 26,900 Wage Expense Totals ASSETS Cash Land 48,400 $1.052.450 $1.052.450 LIABILITIES Accounts Payable EQUITY Unearned Rev- Alarms Common Stock Interest Payable Long-Term Note Payable Retained Earnings H Accounts Receivable Building Prepaid Insurance Accum Depre- Building Wages Payable Supplies Equipment Inventory Accum Depre Equipment Dividends REVENUE EXPENSES Revenue Cost of the Goods Sold Depreciation Expense Rent Expense Utilities Expense Insurance Expense Interest Expense Supplies Expense Vehicle Expense Wages Expense
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