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The trial balance of Sage Hill Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. SAGE HILL
The trial balance of Sage Hill Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. SAGE HILL WHOLESALE COMPANY Trial Balance December 31,2022 Debit Credit Cash $30,800 Accounts Receivable 39,700 Inventory 72.100 Land 91,100 Buildings 199,100 Accumulated Depreciation-Buildings $59,100 Equipment 82,600 Accumulated Depreciation-Equipment Notes Payable 39,600 53,800 Accounts Payable Common Stock 16,600 159,100 Retained Earnings 66,300 Dividends 9,100 Sales Revenue 921,200 Sales Discounts 5,100 Cost of Goods Sold 709,000 Salaries and Wages Expense 50,400 Utilities Expense a 10,500 Maintenance and Repairs Expense 8,000 Advertising Expense 4,300 Insurance Expense 3,900 $1,315,700 $1,315,700 Adjustment data: 1. Depreciation is $7,100 on buildings and $6,100 on equipment. (Both are operating expenses.) 2 Interest of $3,600 is due and unpaid on notes payable at December 31. 3. Income tax due and unpaid at December 31 is $23,100. Other data: $14,100 of the notes payable are payable next year. (a) 2 3 10:34 Call accoun Expert Q&A Done Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Depreciation Expen Interest Expense Interest Payable Income Taxes Payable Adjusted Trial Relance Creat Debit Credit 10:34 Expert Q&A Done Income Taxes Payable Adjusted Trial Balance PEOPLE'S CHOICE WHOLESALE COMENH Deb Credt 10:34 " Expert Q&A RONES CHOKE WHOLESALECOMMA PEOPLE'S CHOICE WHOLESALE COMPANY Done
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