Question 1 (8 points) Apple Mountain Company Trial Balance 11/30/17 Dr Cr Cash Accounts Receivable Allowance for Doubtful Accounts Short Term Note Receivable 162,000 124,000 1,000 50,000 Supplies 55,000 Inventory 62,000 Equipment 75,000 Building Accumulated Depreciation 32,000 Copyright 94,000 Accounts Payable 12,000 Dividends Payable 0 Interest Payable Unearned Revenue ST Note Payable LT Mortgage Payable Bonds Payable 14,000 15,000 200,000 26,840 105,000 Premium on Bonds Payable Common Stock-$1.50 par Paid In Capital In Excess of Par-CS Preferred Stock-$5 par Paid In Capital In Excess of Par-PS Treasury Stock Retained Earnings Dividends Sales Revenue Sales Returns & Allowances Sales Discounts Cost of Goods Sold 86,000 1,000 50,000 0 3,500 2,000 490,160 7,000 3,000 46,000 Bad Debts Expense Depreciation Expense Wages Expense Rent Expense Insurance Expense Supplies Expense 5,000 16,000 160,000 98,000 25,000 16,000 Interest Revenue 1,000 Interest Expense 6,500 Gain on Sale of Equipment 15,000 Income Tax Expense 46,000 Total 1,052,500 1,052,500