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The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Debit Credit 133,900 55,000 20,000 171,000 17,000 172,000 Cash Accounts receivable Interest
The adjusted trial balance for Chiara Company as of December 31, 2017, follows. Debit Credit 133,900 55,000 20,000 171,000 17,000 172,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) office supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation-Equipment Land 50,000 142,000 26,000 83,000 Accounts payable Interest payable Salaries payable 92,000 35,000 17,000 Unearned fees 42,000 156,000 28,580 257,220 Long-term notes payable Common stock Retained earnings Dividends 50,000 Fees earned 534,000 Interest earned 36,000 Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense 25,000 18,000 186,000 Wages expense Interest expense 42,000 34,000 34,800 Office supplies expense Advertising expense Repairs expense-Automobiles 60,500 29,600 $1,273,800 $1,273,800 Totals 2. Calculate the profit margin for year 2017. Profit Margin Profit Margin Choose Denominator: Choose Numerator: Profit margin
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