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se the unadjusted trial balance of Electric Bike on December 31, 2020. Debit Credit Cash $ 7,400 Accounts receivable 21,965 Merchandise inventory 33,900 Store supplies
se the unadjusted trial balance of Electric Bike on December 31, 2020.
Debit | Credit | |||||
Cash | $ | 7,400 | ||||
Accounts receivable | 21,965 | |||||
Merchandise inventory | 33,900 | |||||
Store supplies | 2,065 | |||||
Office supplies | 945 | |||||
Prepaid insurance | 4,955 | |||||
Equipment | 66,790 | |||||
Accumulated depreciation, equipment | $ | 12,955 | ||||
Accounts payable | 7,300 | |||||
Salaries payable | 0 | |||||
Braeden Li, capital | 159,355 | |||||
Braeden Li, withdrawals | 58,500 | |||||
Interest income | 240 | |||||
Sales | 525,500 | |||||
Sales returns and allowances | 4,370 | |||||
Cost of goods sold | 380,460 | |||||
Salaries expense | 95,600 | |||||
Rent expense | 28,400 | |||||
Supplies expense | 0 | |||||
Depreciation expense, equipment | 0 | |||||
Insurance expense | 0 | |||||
Totals | $ | 705,350 | $ | 705,350 | ||
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