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Please check my adjusted trial balance. Thanks, J on Liabilities* Accounts payable Common Stock beg . 4 4, 610 beg . 250, 000 31 -

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  1. Please check my adjusted trial balance. Thanks, Jon

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Liabilities* Accounts payable Common Stock beg . 4 4, 610 beg . 250, 000 31 - Dec 220, 00.0 31 - Dec 230.0.00 34, 616 Ending 250, 0.00 Retained Earnings Notes payable* beg . 24, 288 beg . 30 - Jun 46, 200 Ending 24, 288 Ending 46, 200ACCOUNTS Debit Credit Cash 129, 790 Accounts Receivable* 4 4. 948 Inventory 180, 360 Prepaid Rent Plant Assets 150, 000 Accumulated Depreciation 20.000 Accounts Payable 34, 610 Cost of goods sold Office Salaries Parable Interest Payable Notes Payable 46, 200 Common Stock 250,000 Sales Revenue Retained earnings 24, 288 Depreciation Expense Operating Expense Office Salaries Fixpense Interest EXPENSE TOTAL 605, 1041 565, 104Assets Cash Accounts Receivable beg. 13,596 beg. 24,948 31-Dec 380,000 31-Dec 400,000 230,000 380,000 80,000 46,200 44,948 129,796 Inventory Plant Assets beg. 130,360 beg. 150,000 31-Dec 220,000 170,000 180,360 ending 150,000 Accumulated Depreciation beg. 31-Dec 20,000 ending 20,000Journal Entries 1 . Accounts receivable $ 40 0,000 Sales Revenue* $ 400, 000 2. Cash $ 380, 000 Accounts receivable $ 380, 000 3. Inventory $ 2 20,000 Accounts payable $ 220,000 4. Accounts payable* $ 230, 000 Cash $ 230, 000 5. Costs of goods sold $ 170,000 Inventory $ 170, 000 6 . Operating expenses $ 80,000 Cash 80,0ON 7 . Cash $ 46, 200 Notes payable 46, 200 8. Depreciation expense $ 20,000 Accumulated Depreciation 20, 000Temporary accounts Sales Revenue Costs of good sold DEF . beg . 31 - Dec 380, 000 31 - Dec 170, 000 Ending 20, 000 Ending 170, 000 Operating expenses Depreciation Expense ber . beg . 31 - Dec 31 - DEC 20, 0:00 31 - Dec 80, 000 31 - Dec 20, 000

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