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The trial balance of Larkspur Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. LARKSPUR WHOLESALE COMPANY
The trial balance of Larkspur Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. LARKSPUR WHOLESALE COMPANY Trial Balance December 31,2022 Cash Accounts Receivable Inventory Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Debit Credit $33,400 39,600 70,800 90,800 198,800 $ 58,800 82,300 39,300 53,500 16,300 158,800 66,000 8,800 920,900 4,800 708,700 50,100 10.200 7,700 4,000 3,600 $1,313,600 $1,313,600 Retained Earnings Dividends Sales Revenue Sales Discounts Cost of Goods Sold Salaries and Wages Expense Utilities Expense Maintenance and Repairs Expense Advertising Expense Insurance Expense Adjustment data: 1. Depreciation is $6,800 on buildings and $5,800 on equipment (Both are operating expenses.) 2. Interest of $3,300 is due and unpaid on notes payable at December 31. 3. Income tax due and unpaid at December 31 is $22.800. Other data: $13.800 of the notes payable are payable next year. Create accounts for all accounts used in part a. Enter the trial balance amounts into the accounts and post the adjusting entries (Post entries in the order of journal entries posted in porta.) Accumulated Depreciation Buildings Accumulated Depreciation Equipment Depreciation Expense Interest Expense Interest Payable Income Tax Expense Income Taxes Payable
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