Project 5:

Please answer all questions and show work. Thank you in advance!

Project #S: Merchandise Sales with Discount Fido's Food Mart Adjusted Trial Balance December 31,20xx Debits Credits Account Title Cash Accounts receivable Inventory Supplies Prepaid insurance Equipment Vehicle Accumulated depreciation - Equipment and vehicle Accounts payable Unearned revenue (gift cards) Bonds payable (mature 12/31/xX0) Common stock (200 shares @ $210/share, par $210) Retained earnings Sales revenue Less: sales discount Cost of goods sold Operating expenses Depreciation expense Insurance expense Rent expense 50,938 12,250 84,720 650 320 30,550 12,250 62,128 275 12,000 42,000 132,725 0 34,840 160 5,750 1,200 15,500 Supplies expense Wages expense Totals 249,128 249,128