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QUESTION # 9 : Olympic Sporting Goods Trial Balance For the year ended December 3 1 , 1 9 9 4 table [ [

QUESTION # 9:
Olympic Sporting Goods
Trial Balance
For the year ended December 31,1994
\table[[S.No.,HEAD OF ACCOUNT,DEBIT,CREDIT],[1,Cash,19,400,],[2,Accounts Receivable,48,300,],[3,Office supplies,7,000,],[4,Inventory - Jan.1,1993,60,000,],[5,Land,52,000,],[6,Building,160,000,],[7,Accumulated Depreciation-Building,,56,000],[8,Notes Payable,,82,000],[9,Accounts Payable,,55,000],[10,Capital,,115,000],[11,Drawing,26,000,],[12,Sales,,],[13,Sales Return,12,000,],[14,Sales Discounts,5,000,],[15,Purchases,375,000,]]
\table[[16,Purchases Returns,,10,000],[17,Transportation-In,11,000,],[18,Salaries Expense,74,000,],[19,Prepaid Advertising,29,000,],[20,Insurance Expense,55,000,],[21,Utilities Expense,2,100,],[22,Rent Expense,1,000,],[23,Interest Expense,8,200,],[,,,],[,TOTAL,945,000,945,000
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