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The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash $ 1,430 Accounts Receivable 4,000 Prepaid Insurance 4,300 Notes
The Sky Blue Corporation has the following adjusted trial balance at December 31. |
Debit | Credit | ||||||
Cash | $ | 1,430 | |||||
Accounts Receivable | 4,000 | ||||||
Prepaid Insurance | 4,300 | ||||||
Notes Receivable (long-term) | 5,000 | ||||||
Equipment | 22,000 | ||||||
Accumulated Depreciation | $ | 6,600 | |||||
Accounts Payable | 7,420 | ||||||
Salaries and Wages Payable | 2,000 | ||||||
Income Taxes Payable | 4,900 | ||||||
Unearned Revenue | 1,000 | ||||||
Common Stock | 4,400 | ||||||
Retained Earnings | 1,800 | ||||||
Dividends | 500 | ||||||
Sales Revenue | 60,030 | ||||||
Rent Revenue | 500 | ||||||
Salaries and Wages Expense | 25,600 | ||||||
Depreciation Expense | 3,300 | ||||||
Utilities Expense | 6,220 | ||||||
Insurance Expense | 3,400 | ||||||
Rent Expense | 8,000 | ||||||
Income Tax Expense | 4,900 | ||||||
Total | $ | 88,650 | $ | 88,650 | |||
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