VAUGHN COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash $ 45,240 Accounts Receivable 167,740 Allowance for Doubtful Accounts $ 9,010 Prepaid Insurance 6,210 Inventory 212,740 Equity Investments (long-term) 343,240 Land 89,240 Construction in Progress (building) 128,240 Patents 36,000 Equipment 404,240 Accumulated Depreciation-Equipment 240,310 Discount on Bonds Payable Accounts Payable 20,000 152,240 Accrued Liabilities Notes Payable 53,440 98,240 Bonds Payable Common Stock 204,240 504,240 Paid-in Capital in Excess of Par-Common Stock 45,000 Retained Earnings 146,170 $1,452,890 $1,452,890