Question
PDQ Corporation's Trial Balance at December 31, 20XX is presented below. All 20XX transactions have been recorded except for the items described on the
PDQ Corporation's Trial Balance at December 31, 20XX is presented below. All 20XX transactions have been recorded except for the items described on the next page. Debit Credit Cash $ 121,590 Accounts Receivable 28,789 Inventory 25,540 Debt Investments 0 Land 55,674 Buildings 215,850 Equipment 75,120 Allowance for Doubtful Accounts $ 1,077 Accumulated Depreciation-Buildings 63,306 Accumulated Depreciation-Equipment 16,048 Accounts Payable 35,278 Interest Payable Unearned Rent Revenue Dividends Payable Income Tax Payable Bonds Payable Discount on Bonds Payable 0 60,600 0 0 0 Common Stock ($2 par) Paid in Capital in Excess of Par-Common Stock Preferred Stock ($60 par) Paid in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Stock Cash Dividends Sales Revenue Rent Revenue Gain on sale of Land Loss on sale of Debt Investments Bad Debt Expense Interest Expense Cost of Goods Sold Depreciation Expense Other Operating Expenses Salaries and Wages Expense Income Tax Expense Total 0 29,200 44,580 0 0 127,904 0 0 776,068 0 0 0 0 0 478,592 0 73,274 79,632 0 $ 1,154,061 $ 1,154,061
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