Question
Prepare an unadjusted trial balance for Your name Company at December 31, 2013. Then proceed to the adjustments tab. 401K Payable - Accounts payable 215,000.00
Prepare an unadjusted trial balance for "Your name" Company at December 31, 2013. Then proceed to the adjustments tab. 401K Payable - Accounts payable 215,000.00 Accounts receivable 150,000.00 Accumulated depreciation - buildings 338,000.00 Accumulated depreciation - equipment 14,550.00 Accumulated depreciation - furniture 17,950.00 Advertising expense - Allowance for doubtful accounts 21,500.00 Bad debt expense - Buildings 1,500,000.00 Cash 30,925.00 Common stock 500,000.00 Cost of goods sold 405,000.00 Depreciation expense - building - Depreciation expense - equipment - Depreciation expense - furniture - Dividends 25,000.00 Equipment 20,000.00 Federal income tax payable - Furniture 55,000.00 Gain on the sale of old furniture 5,000.00 Income tax expense 50,000.00 Income tax payable 50,000.00 Interest expense - Interest payable - Interest receivable - Interest revenue - Inventories 418,500.00 Land 647,700.00 Long-term notes payable 1,250,000.00 Notes Receivable 46,875.00 Other operating expenses 50,000.00 Payroll tax expense - Payroll tax payable - employee - Payroll tax payable - employer - Prepaid advertising 24,000.00 Rent expense 130,000.00 Retained earnings (beginning of year) 300,000.00 Salaries expense 168,000.00 Salaries payable - Sales 1,075,000.00 Short-term investments 100,000.00 Short-term notes payable 25,000.00 Supplies 3,000.00 Supplies expense - Unearned Revenue 12,000.00 Create your trial balance below. Be sure to put your accounts in the correct order.
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