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The December 3 1 , 2 0 2 4 , adjusted trial balance for Kline Enterprises was as follows:Account TitleDebitCreditAccounts payable $ 1 0 0

The December 31,2024, adjusted trial balance for Kline Enterprises was as follows:Account TitleDebitCreditAccounts payable $ 100,000Accounts receivable$ 180,000 Accumulated depreciation 270,000Common stock 500,000Cash36,000 Cost of goods sold490,000 Depreciation expense70,000 Equipment720,000 Interest expense7,000 Inventory160,000 Note payable (due in six months)70,000Rent expense40,000 Retained earnings 75,000Salaries payable 18,000Sales revenue 800,000Salaries expense130,000 Totals$ 1,833,000$ 1,833,000

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