Prepare an adjusted trial balance at January 31 2022

CORONADO COMPANY Balance Sheet December 31, 2021
Cash		$27,600		Accounts Payable		$12,650
Inventory		28,290		Interest Payable		230
Prepaid Insurance		5,520		Notes Payable		46,000
Equipment		34,960		Owners Capital		37,490
		$96,370				$96,370

1 Interest Payable 230 Cash 230 2 Inventory 240,212 Accounts Payable 240,212 3 Cash 431,112 Sales 404,800 Sales Taxes Payable 26,312 Cost of Goods Sold 243,800 Inventory 243,800 4 Accounts Payable 211,600 Cash 211,600 5 Sales Taxes Payable 15,640 Cash 15,640 6 Other Operating Expenses 27,600 Cash 27,600 7 Salaries and Wages Expense 60,000 FICA Taxes Payable (60,000*7.65%) 4,590 Federal Income Taxes Payable 8,200 Salaries and Wages Payable 47,210 8 Interest Expense 230 Interest Payable 230 9 Insurance Expense 460 Prepaid Insurance 460 10 Depreciation Expense 552 Accumulated Depreciation 552 (34,960 - 1,840) / 5 years x 1/12 11 Payroll Expense 8,190 FICA Taxes Payable (60,000*7.65%) 4,590 State Unemployment Taxes Payable (60,000 x 5.4%) 3,240 Federal Unemployment Taxes Payable (60,000 x 0.6%) 360