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Set forth below is the adjusted trial balance for Alpha Company, which just completed its fiscal year ended December 31st, 2019. A $70 installment is
Set forth below is the adjusted trial balance for Alpha Company, which just completed its fiscal year ended December 31st, 2019. A $70 installment is due on the Note Payable during 2020. Accounts Cr. Dr. 170 Cash Accounts Receivable 450 Inventory 620 Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Note Payable Capital Withdrawals Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Utilities Expense Depreciation Expense Insurance Expense Interest Expense Gain on Sale of Fixed Assets Calculate the following numbers: Current Assets: Total Assets: Current Liabilities: Total Liabilities: Equity: 50 360 160 560 190 40 350 250 2,480 100 140 100 1,030 590 170 110 90 70 60 80 4,110 4,110
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