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The following is information from Crystal Company's adjusted trial balance December 31, 2021 Debit Credit $74,000 Notes receivable 102,000 Merchandise inventory 72,000 Equipment 462 400

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The following is information from Crystal Company's adjusted trial balance December 31, 2021 Debit Credit $74,000 Notes receivable 102,000 Merchandise inventory 72,000 Equipment 462 400 Accumulated depreciation-equipment $138,720 Unearned revenue 7.500 Notes payable 180,720 239.000 LCrystal, capital L Crystal, drawings 149.000 Interest revenue 11.000 24,000 Rent revenue Sales 1980,000 Advertising expense 54,000 Cost of goods sold 850.000 Depreciation opense Freight out 46,240 26,000 14,000 10.400 Insurance expense Interest expense 650.000 Sales discounts 9.900 Sales returns and allowances CO $2,580,940 $2.590.940 seard Date Account Titles and Explanation Debit Credi Dec 31 (Todose income statement accounts with credit balances.) Dec 31 ] [K] [2] [2] [ ] | Z (To cose income statement accounts with debit balances.) Dec 31 To Close Income Summary account Dec. 31 Tineren search

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