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Psymon Company, Inc. sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger

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Psymon Company, Inc. sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31: Debits $ 47,250 20,000 72,500 55,000 Credits Account Titles Cash Accounts Receivable Property and Equipment Accumulated Depreciation Liabilities Common Stock Retained Earnings, January 1 Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries and Wages Expense Office Expense Interest Expenses Income Tax Expense $ 23,100 33,500 00,000 12,600 204,500 7,500 9,000 110,000 9,000 20,000 2,500 10,950 Totals $373,700 $373,700

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