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The following trial balance of Sunland Company at December 31, 2020 has been properly adjusted except for the income ta expense adjustment. Cr. Sunland Company
The following trial balance of Sunland Company at December 31, 2020 has been properly adjusted except for the income ta expense adjustment. Cr. Sunland Company Trial Balance December 31, 2020 Dr. Cash $ 874000 Accounts receivable (net) 2699000 Inventory 2085000 Property, plant, and equipment (net) 7563000 Accounts payable and accrued liabilities Income taxes payable Deferred income tax liability Common stock Additional paid-in capital Datinadorninge 1/1/20 $ 1762000 654000 85500 2341000 3683000 246000 Income tax expenses 532000 $24913000 $24913000 Included in accounts receivable is $1180000 due from a customer and payable in quarterly installments of $147500. The last payment is due December 29, 2022. In Sunland's December 31, 2020 balance sheet, The current liabilities totalis O $2501500. $1969500 O $1903000. O $2416000
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