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The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit Cash $ 172,200 Accounts receivable 50,000 Interest receivable 20,200 Notes receivable
The adjusted trial balance for Chiara Company as of December 31 follows. Debit Credit Cash $ 172,200 Accounts receivable 50,000 Interest receivable 20,200 Notes receivable (due in 90 days) 171,000 Office supplies 16,500 Automobiles 174,000 Accumulated depreciationAutomobiles $ 95,000 Equipment 146,000 Accumulated depreciationEquipment 27,000 Land 84,000 Accounts payable 96,000 Interest payable 45,000 Salaries payable 24,000 Unearned revenue 46,000 Long-term notes payable 146,000
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