Project #6: Inventory Valuation Fido's Food Mart Adjusted Trial Balance December 31,20XX Debits Credits Account Title 52,898 12,250 83,720 650 320 30,550 12,250 Cash Accounts Receivable Inventory Supplies i Tea Prepaid Insurance Equipment Vehicle Less: Accumulated Depreciation- Equipment & Vehicle Accounts Payable Unearned Revenue (Gift Cards) Bonds Payable (mature 12/31XX) Common Stock (200 shares @ $210/share, par $210) Retained Earnings Sales Revenue Less: Sales Discount Cost of Goods Sold Operating Expenses Depreciation Expense 62,128 275 12,000 42,000 0 134,725 40 1,000 34,840 nod Insurance Expense Rent Expense Supplies Expense Wages Expense Totals 160 5,750 1,200 15,500 251,128 251,128 Inventory Data for Dog Food Date Qty Cost each 0.00 $25.00 $30.00 $20.00 $25.00 01-Sep Beg. Inv Purchase Purchase Purchase Purchase 40 349 1,500 1,690 Oct Dec