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The trial balance of Marin Wholesale Company contained the following accounts shown at December 31, the end of the companys fiscal year. any contained the
The trial balance of Marin Wholesale Company contained the following accounts shown at December 31, the end of the companys fiscal year.
any contained the following accounts shown at December 31, the end of the company's fiscal year MARIN WHOLESALE COMPANY Trial Balance December 31, 2022 Debit Credit Cash $ 30,500 Accounts Receivable 40,000 Inventory 72,900 Land 90,900 Buildings 198,900 Accumulated Depreciation-Buildings $ 58,900 Equipment 82,400 Accumulated Depreciation-Equipment 39,400 Notes Payable 53,600 Accounts Payable 16,400 Common Stock 158,900 Retained Earnings 66,100 Dividends 8,900 Sales Revenue 921,000 Sales Discounts 4,900 Cost of Goods Sold 708,800 Salaries and Wages Expense 50,200 Utilities Expense 10,300 Maintenance and Repairs Expense 7,800 Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock 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 $ 58,900 82,400 39,400 53,600 16,400 158,900 66,100 8,900 921,000 4,900 708,800 50,200 10,300 7,800 4,100 3,700 $1,314,300 $1,314,300 Adjustment data: 1. 2. 3. Depreciation is $6,900 on buildings and $5,900 on equipment. (Both are operating expenses.) Interest of $3,400 is due and unpaid on notes payable at December 31. Income tax due and unpaid at December 31 is $22,900. Other data: $13,900 of the notes payable are payable next year. Depreciation Expense Interest Expense Interest Payable Income Tax Expense + Income Taxes Payable MARIN WHOLESALE COMPANY Adjusted Trial Balance Debit Credit . MARIN WHOLESALE COMPANY Income Statement $ $ + Prepare a retained earnings statement for the year ended December 31, 2022. MARIN WHOLESALE COMPANY Retained Earnings Statement + $ Balance Sheet Assets Llabilities and Stockholders' Equity > > 4Step by Step Solution
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