Preparing a Trial Balance Preparation

The following accounts and account balances are available for Badger Auto Parts at December 31:

Accounts Payable$8,400 Income Taxes Payable$3,600Accounts Receivable41,100 Interest Expense6,650Accumulated Depreciation (Furniture)47,800 Interest Payable1,800Advertising Expense29,200 Inventory60,400Cash3,200 Notes Payable (Long-Term)50,000Common Stock100,000 Prepaid Rent15,250Cost of Goods Sold184,200 Retained Earnings, January 116,000Depreciation Expense (Furniture)10,400 Sales Revenue264,300Furniture128,000 Utilities Expense9,700Income Taxes Expense3,800

Required:

Prepare a trial balance. Assume that all accounts have normal balances. If an amount box does not require an entry, leave it blank.

AccountDebitCredit

Accounts Payable

Cash

Common Stock

Cost of Goods Sold

Sales Revenue

$$

Accounts Payable

Accounts Receivable

Interest Payable

Notes Payable (Long-term)

Utilities Expense

Advertising ExpenseCommon StockPrepaid RentRetained Earnings, Jan. 1Sales Revenue CashDepreciation Expense (Furniture)Income Taxes ExpenseInventoryNotes Payable (Long-term) Accounts ReceivableCommon StockDepreciation Expense (Furniture)FurnitureInterest Payable Accumulated Depreciation (Furniture)Cost of Goods SoldDepreciation Expense (Furniture)Notes Payable (Long-term)Retained Earnings, Jan. 1 Accounts PayableAdvertising ExpenseCashRetained Earnings, Jan. 1Sales Revenue- Select -- Select -FurnitureInterest ExpenseInterest PayableSales RevenueUtilities Expense- Select -- Select -Accounts ReceivableCommon StockIncome Taxes ExpenseIncome Taxes PayablePrepaid Rent- Select -- Select -Accounts ReceivableInventoryNotes Payable (Long-term)Sales RevenueUtilities Expense- Select -- Select -Advertising ExpenseCashCommon StockCost of Goods SoldDepreciation Expense (Furniture)- Select -- Select -Notes Payable (Long-term)Prepaid RentRetained Earnings, Jan. 1Sales RevenueUtilities Expense- Select -- Select -Accumulated Depreciation (Furniture)FurnitureIncome Taxes PayableInterest ExpenseSales Revenue Accounts PayableCost of Goods SoldFurnitureRetained Earnings, Jan. 1Sales Revenue- Select -- Select -Accounts ReceivableAdvertising ExpenseCashCommon StockInventory- Select -- Select -CashFurnitureNotes Payable (Long-term)Prepaid RentUtilities Expense Accounts PayableAccounts ReceivableAccumulated Depreciation (Furniture)Depreciation Expense (Furniture)Retained Earnings, Jan. 1 Common StockFurnitureInterest ExpenseInterest PayableSales Revenue Income Taxes ExpenseIncome Taxes PayableInventoryNotes Payable (Long-term)Prepaid Rent- Select -- Select