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Preparing a Trial Balance Preparation Preparing a Trial Balance Preparation The following accounts and account balances are available for Badger Auto Parts at December 31:
Preparing a Trial Balance Preparation
Preparing a Trial Balance Preparation The following accounts and account balances are available for Badger Auto Parts at December 31: Accounts Payable $8,800 Income Taxes Payable $3,600 Accounts Receivable 40,900 Interest Expense 6,650 Accumulated Depreciation (Furniture) 47,800 Interest Payable 1,800 Advertising Expense 29,200 Inventory 60,400 Cash 3,200 Notes Payable (Long-Term) 50,000 Common Stock 100,000 Prepaid Rent 15,250 Cost of Goods Sold 184,400 Retained Earnings, January 1 15,800 Depreciation Expense (Furniture) 10,400 Sales Revenue 264,100 Furniture 128,000 Utilities Expense 9,700 Income Taxes Expense 3,800 Debit Credit Cash Accounts Receivable Prepaid Rent Inventory Furniture Accumulated Depreciation (Furniture) Accounts Payable Interest Payable Income Taxes Payable Notes Payable (Long-term) Common Stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold Advertising Expense Utilities Expense Depreciation Expense (Furniture) Interest Expense Income Taxes ExpenseStep by Step Solution
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