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Set forth below is the adjusted trial balance for Alpha Company, which just completed its fiscal year ended December 31st, 2008. A $1,600 installment is
Set forth below is the adjusted trial balance for Alpha Company, which just completed its fiscal year ended December 31st, 2008. A $1,600 installment is due on the Note Payable during 2009. Cr. Dr. 7,000 7,200 4.300 200 20,300 3.600 5,600 400 100 8,000 19.900 Accounts Cash Accounts Receivable Inventory 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 Loss on Sale of Fixed Assets 2.000 36,200 2.400 1,100 15.700 5,500 2,600 1,800 900 700 400 1,700 73,800 73.800 Calculate the following numbers: Current Assets: Total Assets: : Current Liabilities: Total Liabilities: Equity
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