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Please show how to do this ACME Inc. recorded the following trial balance before adjustments as of December 31, 2014. Prepare an adjusted trial balance
Please show how to do this ACME Inc. recorded the following trial balance before adjustments as of December 31, 2014. Prepare an adjusted trial balance using the following adjusting statements Insurance w as purchased tan 8/1/2014 for 2 years coverage. Cost of goods sold was determined to be at $64, 500 Depreciation is to be calculated using straight-line method Equipment is estimated to have a useful life of 20 years with a salvage value of $4,000 Furniture is estimated to have a useful life of 10 years with no salvage value. Interest on Notes Payable (12% annual interest rate) has not been paid since 9/1/20I4. Notes Receivable of $60,000 was issued on 6/1/2014 at 8% interest rate and no interest has been received. Owe wages expense $6, 200
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