Question
Prepare an adjusted trial balance as of Dec. 31, 2021 1. Dresser paid the interest due on the Bonds Payable on January 1. 2. Dresser
Prepare an adjusted trial balance as of Dec. 31, 2021
1. Dresser paid the interest due on the Bonds Payable on January 1.
2. Dresser paid $950 of salaries and wages, which includes the amount accrued as of December 31, 2020.
3. Dresser sold 4,000 units of inventory for $15.00 each.
4. Dresser purchased supplies on account for $1,300.
5. Dresser purchased 2,000 units of inventory for $1.60 each.
6. Dresser sold 2,600 units of inventory for $16.00 each.
7. Dresser wrote off as uncollectible the accounts of Barker Corporation ($2,200) and Elm Company ($3,400).
8. Dresser paid the interest due on the Bonds Payable on July 1.
9. Dresser purchased 2,500 units of inventory for $1.62 each.
10. Dresser collected $1,400 from Elm Company, part of the balance previously written off.
11. Dresser paid salaries and wages of $72,000.
12. Dresser paid $6,600 for insurance coverage from May 1, 2021 thru April 30, 2022.
13. Dresser sold 3,500 units of inventory for $16.50 each.
14. Dresser collected $87,800 from customers on account.
15. Dresser purchased 3,800 units of inventory for $1.65 each.
16. Dresser paid $10,300 on accounts payable.
17. Dresser sold 500 units of inventory for $15.50 each as a cash sale.
18. Dresser paid $1,600 selling expenses and $3,850 administrative expenses.
19. Dresser declared and paid $6,000 in dividends to its stockholders.
20. Dresser accepted a $55,000, 6%, 3 year note receivable from a trusted customer for 3,000 units of inventory on October 1. The market rate of interest on Oct. 1 was 5%. Interest is received semiannually on April 1 and Oct. 1
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