Q1

The following accounts balance appeared in the adjusted trial balance of Tree Toy Company, a trading firm, at March 31, 2020. Dr Cr Accounts Payable $ 83,620 Accounts Receivable $ 64.700 Accumulated Depreciation - Buildings $ 18,000 Accumulated Depreciation - Equipment $ 55,000 Buildings $ 180.000 Cash 42.560 Common Stock $ 300,000 Cost of Goods Sold $ 450,000 Depreciation Expense 29.000 Dividends S 18.000 Equipment $ 100.000 Gain on Disposal of Plant Assets 6,400 Income Tax Expense 10,000 Insurance Expense 8.990 Interest Expense 9,700 Interest Payable $ 9,500 Inventory $ 62,700 Land $ 240,000 Mortgage Payable $ 129,000 Prepaid Insurance $ 18.000 Maintenance ard Repairs Expense 4.930 Retained Earnings $ 24,890 Salaries and Wages Expense $ 99.000 Sales Revenue $ 643,000 Salaries and Wages Payable 86,400 Sales Returns and Allowances 2.150 Utilities Expense 16,080 $ 1,355,810 $1,355,810