Unadjusted Trial Balance Account Title Debit ( $ ) Credit ( $ ) Cash 3 5 , 5 6 0 Accounts receivable 3 1 , 4 0 0 Inventory 2 8 , 9 0 0 Supplies 3 , 1 0 0 Prepaid insurance 2 , 7 0 0 Land 2 8 , 0 0 0 Buildings 1 3 6 , 0 0 0 Accumulated depreciation buildings 2 1 , 7 6 0 Equipment 4 6 , 0 0 0 Accumulated depreciation equipment 1 8 , 4 0 0 Accounts payable 3 6 , 6 0 0 Deferred revenue 4 , 4 0 0 Bank loan payable 1 4 6 , 2 0 0 Common shares 1 1 , 7 0 0 Retained earnings 3 1 , 9 0 0 Dividends declared 2 , 0 0 0 Sales 2 6 6 , 1 0 0 Cost of goods sold 1 7 2 , 6 0 0 Salaries expense 3 1 , 6 0 0 Utilities expense 5 , 4 0 0 Interest expense 8 , 7 0 0 Income tax expense 5 , 1 0 0 Totals 5 3 7 , 0 6 0 5 3 7 , 0 6 0 Additional Information and Adjustment Data A 1 2 month insurance policy was purchased and was effective February 1 , 2 0 2 2 There was $ 7 2 1 of supplies on hand on December 3 1 Depreciation expense for the year is $ 5 , 4 4 0 for the buildings and $ 4 , 6 0 0 for the equipment Salaries of $ 7 2 1 are accrued and unpaid at December 3 1 Accrued interest expense at December 3 1 is $ 7 6 8 There was deferred revenue of $ 9 3 9 that still needed to be deferred as of December 3 1 The balance had been earned Of the deferred revenue that had been earned, the cost of goods sold was $ 2 , 0 0 0 Of the bank loan payable, $ 1 0 , 4 0 2 is payable next year Income tax of $ 5 0 0 is due and unpaid A physical count of inventory indicates $ 2 2 , 5 5 5 on hand at December 3 1 Common shares were issued during the year for $ 3 , 0 8 0 Required Ledger Accounts Cash Accounts Receivable Inventory Supplies Prepaid Insurance Land Buildings Accumulated Depreciation Buildings Equipment Accumulated Depreciation Equipment Accounts Payable Deferred Revenue Salaries Payable Interest Payable Income Tax Payable Bank Loan Payable Common Shares Retained Earnings Dividends Declared Sales COGS Salaries Expense Dpreciation Expense Utilties Expense Insurance Expense Supplies Expense Interest Expense Income Tax Expense Ensure to post each adjusting entry to the corresponding ledger accounts accurately Each Section has 2 credit and 2 debit entires and a total and COGS have 6 in total

Question

Unadjusted Trial Balance Account Title Debit ( $ ) Credit ( $ ) Cash 3 5 , 5 6 0 Accounts receivable 3 1 , 4 0 0 Inventory 2 8 , 9 0 0 Supplies 3 , 1 0 0 Prepaid insurance 2 , 7 0 0 Land 2 8 , 0 0 0 Buildings 1 3 6 , 0 0 0 Accumulated depreciation buildings 2 1 , 7 6 0 Equipment 4 6 , 0 0 0 Accumulated depreciation equipment 1 8 , 4 0 0 Accounts payable 3 6 , 6 0 0 Deferred revenue 4 , 4 0 0 Bank loan payable 1 4 6 , 2 0 0 Common shares 1 1 , 7 0 0 Retained earnings 3 1 , 9 0 0 Dividends declared 2 , 0 0 0 Sales 2 6 6 , 1 0 0 Cost of goods sold 1 7 2 , 6 0 0 Salaries expense 3 1 , 6 0 0 Utilities expense 5 , 4 0 0 Interest expense 8 , 7 0 0 Income tax expense 5 , 1 0 0 Totals 5 3 7 , 0 6 0 5 3 7 , 0 6 0 Additional Information and Adjustment Data  A 1 2   month insurance policy was purchased and was effective February 1 , 2 0 2 2   There was $ 7 2 1 of supplies on hand on December 3 1   Depreciation expense for the year is $ 5 , 4 4 0 for the buildings and $ 4 , 6 0 0 for the equipment  Salaries of $ 7 2 1 are accrued and unpaid at December 3 1   Accrued interest expense at December 3 1 is $ 7 6 8   There was deferred revenue of $ 9 3 9 that still needed to be deferred as of December 3 1   The balance had been earned  Of the deferred revenue that had been earned, the cost of goods sold was $ 2 , 0 0 0   Of the bank loan payable, $ 1 0 , 4 0 2 is payable next year  Income tax of $ 5 0 0 is due and unpaid  A physical count of inventory indicates $ 2 2 , 5 5 5 on hand at December 3 1   Common shares were issued during the year for $ 3 , 0 8 0   Required  Ledger Accounts  Cash Accounts Receivable Inventory Supplies Prepaid Insurance Land Buildings Accumulated Depreciation Buildings Equipment Accumulated Depreciation Equipment Accounts Payable Deferred Revenue Salaries Payable Interest Payable Income Tax Payable Bank Loan Payable Common Shares Retained Earnings Dividends Declared Sales COGS Salaries Expense Dpreciation Expense Utilties Expense Insurance Expense Supplies Expense Interest Expense Income Tax Expense Ensure to post each adjusting entry to the corresponding ledger accounts accurately  Each Section has 2 credit and 2 debit entires and a total and COGS have 6 in total

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Unadjusted Trial Balance Account Title Debit ( $ ) Credit ( $ ) Cash 3 5 , 5 6 0 Accounts receivable 3 1 ,

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