Sundae Ice Corporation Trial Balance December 31, 2013 Account Cash Accounts Receivable Allowance for Doubtful Accounts Note Receivable (1 month) Debit Credit $45,000 85,000 $1,000 20,000 Prepaid Insurance 26,000 Merchandise Inventory 150,500 Supplies 4,000 Equipment 200,200 Accumulated Depreciation-Equipment 47,550 Building 1,000,200 Accumulated Depreciation - Building 100,020 Land 1,100,500 Notes Payable (1 month) 50,000 Accounts Payable 20,000 Common Stock 1,500,000 Retained Earnings (January 1, 2013) 846,830 Dividends 20,000 Sales 300,000 Sales Returns and Allowances 5,000 Sales Discounts 2,000 Cost of Goods Sold 122,000 Salary Expense 50,000 Utility Expense 20,000 Repair Expense Advertising Expense 10,000 5,000 $2,865,400 $2,865,400