SKYSONG WHOLESALE COMPANY Adjusted Trial Balance Debit Credit $ A 2:24 PM D Accumulated Depreciation-Buildings 12/31 Bal. 59300 12/31 7300 12/31 Bal. 66000 Accumulated Depreciation-Equipment 12/31 Bal. 39800 12/31 6300 12/31 Bal. 46100 Depreciation Expense 12/31 13600 12/31 12/31 Bal. 12/31 12/31 Bal. 3 Depreciation Expense 13600 13600 Interest Expense 3800 3800 Interest Payable 12/31 3800 12/31 Bal. 3800 Income Tax Expense 12/31 Bal. 3800 12/31 12/31 Bal. Interest Payable 12/31 3800 12/31 Bal. 3800 Income Tax Expense 23300 23300 Income Taxes Payable 12/31 23300 - Account Titles and Explanation Debit Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Interest Expense Interest Payable Income Tax Expense Income Taxes Payable 13600 3800 23300 Credit 7300 6300 3800 23300 Utilities Expense 10,700 Maintenance and Repairs Expense 8,200 Advertising Expense 4,500 Insurance Expense 4,100 $1,317,100 $1,317,100 Adjustment data: 1. Depreciation is $7,300 on buildings and $6,300 on equipment. (Both are operating expenses.) 2. Interest of $3,800 is due and unpaid on notes payable at December 31. 3. Income tax due and unpaid at December 31 is $23,300. Other data: $14,300 of the notes payable are payable next year. Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Notes Payable 199,300 $59,300 82,800 39,800 54,000 Accounts Payable 16,800 Common Stock 159,300 Retained Earnings 66,500 Dividends 9,300 Sales Revenue 921,400 Sales Discounts Cost of Goods Sold 5,300 709,200 50 600 SKYSONG WHOLESALE COMPANY Trial Balance December 31,2022 Debit Credit Cash $31,100 Accounts Receivable 38,900 Inventory 71,800 Land 91,300 Buildings 199,300 Accumulated Depreciation-Buildings $59,300. Equipment 82,800 Accumulated Depreciation-Equipment 39,800 54,000 Notes Payable