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The following is the adjusted trial balance data for Emma's Alterations as of December 31, 2019. Emma's Alterations Adjusted Trial Balance Year Ended December
The following is the adjusted trial balance data for Emma's Alterations as of December 31, 2019. Emma's Alterations Adjusted Trial Balance Year Ended December 31, 2019 Debit Credit Cash $602,538 Accounts Receivable 51,689 Equipment 199,430 Merchandise Inventory 172,744 Accounts Payable $236,893 Common Stock 502,200 Sales 399,993 Interest Revenue 100,976 Rent Revenue 65,400 Sales Salaries Expense 28,750 Office Supplies Expense 5,103 Sales Discounts 61,347 Interest Expense 3,570 Sales Returns and Allowances 55,632 Cost of Goods Sold 90,300 Rent Expense 10,500 Depreciation Expense-Office Equipment 8,560 Insurance Expense 3,421 Advertising Expense 11,878 Totals $1,305,462 $1,305,462
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