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The following is information from Crystal Company's adjusted trial balance at December 31, 2021: Debit Credit Cash $75,000 Notes receivable 100,000 Merchandise inventory 72,000 Equipment
The following is information from Crystal Company's adjusted trial balance at December 31, 2021: Debit Credit Cash $75,000 Notes receivable 100,000 Merchandise inventory 72,000 Equipment 438,600 Accumulated depreciation-equipment $131,580 Unearned revenue 8,800 Notes payable 151,780 L. Crystal, capital 235,000 L. Crystal, drawings 160,000 Interest revenue 10,000 Rent revenue 24.000 Sales 1.980.000 Advertising expense 53,000 Cost of goods sold 850,000 Depreciation expense 43.860 Freight out 23.000 Insurance expense 15.000 Tses/28010/assignments/2791324?module item id=10066242 Freight out 23,000 Insurance expense 15,000 11,000 Interest expense Salaries expense 20.0 Pense 630,000 Sales discounts 0 700 9,700 Sales returns and allowances Wowances 60,000 541,160 $2.541,160 Prepare a post-closing trial balance. CRYSTAL COMPANY Post-closing Trial Balance December 31, 2021 Debit Credit Cash 75000 $ Notes Receivable 100000 Equipment 438600 Accumulated Depreciation-Equipment 131580 Notes Payable 151780 Unearned Revenue 8800 L. Crystal, Capital 160000 L. Crystal Drawings Total 613600
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