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The adjusted trial balance of Teal Mountain Music Company appears below. Teal Mountain Music Company prepares monthly financial statements and uses the perpetual inventory method.
The adjusted trial balance of Teal Mountain Music Company appears below. Teal Mountain Music Company prepares monthly financial statements and uses the perpetual inventory method. Complete the worksheet below. Adjusted Trial Balance TEAL MOUNTAIN MUSIC COMPANY Work Sheet For the Month Ended April 30, 2020 Account Titles Debit Credit Debit Cash 12.240 Inventory 19.380 Supplies 3,570 Equipment 91,800 Income Statement. Credit D Supplies Equipment Accumulated Depreciation-Equipment 3,570 91,800 16,830 Accounts Payable 24,480 Owner's Capital 93,840 Owner's Drawings 6,120 Sales Revenue 44,880 Sales Discounts 2.550 Cost of Goods Sold, 23,460 Advertising Expense 7.140 Advertising Expense 7,140 Supplies Expense 6,120 Depreciation Expense 1,020 Rent Expense 2,550 Utilities Expense 4,080 Net profit/(loss) 180,030 180,030. Adjusted Trial Balance TEAL MOUNTAIN MUSIC COMPANY Work Sheet For the Month Ended April 30, 2020 Income Statement Debit Credit Debit 12,240 19,380 3,570 91,800 16,830 24,480 Credit Debit Balance Sheet Credit
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