Trial Balance 2017 Unadjusted trial balance Adjusting entries Account Cash Debit Credit Debit Credit Debit Adjusted trial balance Credit 64,713.72 64,713.72 Baking Supplies Prepaid Rent Prepaid Insurance 165,250.00 165,250.00 Merchandise Inventory (FIFO) 25,750.00 25,750.00 7,500.00 7,500.00 2,400.00 2,400.00 Baking Equipment 17,000.00 17,000.00 Accumulated Depreciation 3,285.72 3,285.72 Leasehold Improvements 10,000.00 10,000.00 Accumulated Amortization 2,000.00 2,000.00 Trademark 2,300.00 2,300.00 Office Supplies 1,600.00 1,600.00 Accounts Receivable 30,401.00 30,401.00 Notes Payable 10,000.00 10,000.00 Interest Payable Accounts Payable Wages Payable Loans Payable 27,325.00 27,325.00 21,000.00 21,000.00 Common Stock 30,000.00 30,000.00 Dividends 20,000.00 20,000.00 Bakery Sales 335,675.00 335,675.00 Merchandise Sales 35,200.00 35,200.00 Baking Cost of Goods Sold Rent Expense 90,000.00 90,000.00 Interest Expense Insurance Expense Depreciation Expense Amortization Expense Misc. Expense 2,780.00 Office Supplies Expense Business License Expense 375.00 Advertising Expense 5,200.00 Wages Expense Telephone Expense 3,456.00 Merchandise COGS (FIFO) 15,760.00 2,780.00 375.00 5,200.00 3,456.00 15,760.00 Total 464,485.72 464,485.72 464,485.72 464,485.72