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The December 31 2021 pre closing adjusted trial balance for Kline enterprise was as follows: Acc payable 101,000 Acc Rec 181,000 Accum Depreciation-equipment 271,000 common
The December 31 2021 pre closing adjusted trial balance for Kline enterprise was as follows:
Acc payable 101,000
Acc Rec 181,000
Accum Depreciation-equipment 271,000
common stock 501,000
cash 37,000
COGS 492,000
depreciation expense 71,000
Equipement 722,000
Interest expense 8,000
inventory 161,000
note payable due in 6 months 71,000
rent expenses 41,000
retainend earnings 77,000
salaries payable 19,000
sales revenue 803,000
salaries expenses 131,000
Totals Deb: 1,843,000. Cr 1,843,000
compute Kline's 12/31/2021 total shareholders equity
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