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The following is the adjusted trial balance of TOUMA company at December 31, 2019 Cash Account Receivable Buildings Automotive TOUMA Company Adjusted Trial Balance
The following is the adjusted trial balance of TOUMA company at December 31, 2019 Cash Account Receivable Buildings Automotive TOUMA Company Adjusted Trial Balance December 31, 2019 Accumulated Depreciation Equipment P Accounts Payable Salaries Payable Interest Payable Uneemed Revenue Notes Payable Mortgage Payable Own Capital Debit Credit 560,000 7,000 100,000 7,000 40,000 54,000 2,000 20,000 6,000 10,000 10,000 5,000 2,000 65,000 12,000 Owen Drawings Service Reve 123,000 Depreciation Expens 4,000 1 Udition Expenses 3,000 Interest Expens 2,000 6,000 Sala Exp 5,000 Tel Based on the data above, the balance of Income Summary after closing revenues and expenses account is:* Credit $103,000 Debit $123,000 Debit $20,000 Credit $115,000
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