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The adjusted trial balance in ALPHABETICAL order for Daniel Corp at 12/31/20X8 is below. The Company adjusts its books each month. (Hint: the retained
The adjusted trial balance in ALPHABETICAL order for Daniel Corp at 12/31/20X8 is below. The Company adjusts its books each month. (Hint: the retained earnings amount is the beginning balance for the period.) Accounts Receivable Accumulated Depreciation on Equipment Additional Paid In Capital Cash 28,000 36,000 Common Stock $1 par Cost of Goods Sold 38,000 Depreciation Expense 7,000 Dividends Declared i 10,000 Equipment 96,000 Federal Income Tax Payable FICA Payable (Social Security & Medicare) Interest Expense 19,000 30,000 20,000 8,000 5,000 1,000 Merchandise Inventory 21.000
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