Question
The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to
The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to the nearest whole dollar amount.)
A. Depreciation on furniture for the year, $420.
B. Depreciation on building for the year, $980.
C. Depreciation on equipment for the year, $2,350
Duck Ponds, Inc.
Trial Balance
December 31, 20XX
Account Title | Debit | Credit | |
Cash | $19,300 | ||
Accounts receivable | 47,630 | ||
Allowance for doubtful accounts | 250 | ||
Prepaid rent | 1,680 | ||
Supplies | 6,800 | ||
Investments | 113,520 | ||
Furniture | 15,350 | ||
Accumulated depreciation-furniture | 12,800 | ||
Equipment | 44,600 | ||
Accumulated depreciation-equipment | 1,830 | ||
Building | 89,900 | ||
Accumulated depreciation-building | 28,600 | ||
Accounts payable | 6,240 | ||
Salary payable | |||
Unearned revenue, customer deposits | 19,750 | ||
Bonds payable | 150,000 | ||
Premium of bonds payable | 6,000 | ||
Common stock | 20,000 | ||
Retained earnings | 54,920 | ||
Dividends | 5,250 | ||
Revenue | 128,800 | ||
Salary expense | 51,600 | ||
Rent expense | 5,000 | ||
Utilities expense | 10,410 | ||
Depreciation expense-furniture | 0 | ||
Depreciation expense-equipment | 0 | ||
Depreciation expense-building | 0 | ||
Advertising expense | 5,650 | ||
Supplies expense | 12,000 | ||
Bad debts expense | 0 | ||
Interest expense | 0 | ||
Total | $428,940 | $428,940 |
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