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Preparing a Trial Balance Preparation The following accounts and account balances are available for Badger Auto Parts at December 31: Accounts Payable $8,600 Income Taxes
Preparing a Trial Balance Preparation
The following accounts and account balances are available for Badger Auto Parts at December 31:
Accounts Payable | $8,600 | Income Taxes Payable | $3,600 | |
Accounts Receivable | 41,100 | 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 | 184,600 | Retained Earnings, January 1 | 16,200 | |
Depreciation Expense (Furniture) | 10,400 | Sales Revenue | 264,300 | |
Furniture | 128,000 | Utilities Expense | 9,700 | |
Income Taxes Expense | 3,800 |
Required:
Prepare a trial balance. Assume that all accounts have normal balances. If an amount box does not require an entry, leave it blank.
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