SECTIONA COMPULSORY (40 marks) QUESTION 1 The following trial balance was extracted from the books of Mario Merchandising Company at June 30, the end of the company's fiscal year. The company is owned by Brendon Mario and is in the business of buying and selling travel goods Mario Merchandising Company Trial Balance as at June 30, 2012 Dr Cr 137,000 180,000 Cash Accounts Receivable Allowance for Bad-Debts Merchandise Invento Store Supplies Prepaid Insurance Furniture 8 Fixtures Accumulated Depreciation: Furniture & Fixtures Computer Equipmen Accumulated Depreciation: Computeir Accounts Pavable Wages Payable Interest Payable Unearned Sales Revenue Notes Payable, Long-Term B. Mario, Capital B. Mario, Withdrawals Sales Revenue Earned Sales Discount Sales Returns 8 Allowances Cost of Goods Sold Wages Insurance Expense Utilities Expense Depreciation Expense - Furniture & Fixtures Depreciation Expense Store Supplies Expense Bad-Debt Interest Expense 8,000 192,000 80,000 54,000 800,000 285,000 450,000 ment 264,000 89,000 350,000 754,000 140,000 985,000 5,000 12,000 390,000 171,000 ense 94,000 uipment ense 30,000 735,000 2,735,000 Total