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Presented below is the December 31 trial balance of Skysong Boutique. SKYSONG BOUTIQUE TRIAL BALANCE DECEMBER 31 Debit Credit Cash $19,400 Accounts Receivable 35,700

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Presented below is the December 31 trial balance of Skysong Boutique. SKYSONG BOUTIQUE TRIAL BALANCE DECEMBER 31 Debit Credit Cash $19,400 Accounts Receivable 35,700 Allowance for Doubtful Accounts $722 Inventory, December 31 84,410 Prepaid Insurance 5,190 Equipment 98,000 Accumulated Depreciation-Equipment 33.710 Notes Payable 28,230 Common Stock 86,534 Retained Earnings 9,300 Sales Revenue 713,164 Cost of Goods Sold 490,100 Salaries and Wages Expense (sales) 59,600 Advertising Expense 7,620 Salaries and Wages Expense (administrative) 66,330 Supplies Expense 5,310 $871,660 $871,660

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