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Vincent Fabron Automobiles Vincent Fabron Automobiles distributes automobile parts to service stations and repair shops. The business is owned and managed by Vincent Fabron

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Vincent Fabron Automobiles Vincent Fabron Automobiles distributes automobile parts to service stations and repair shops. The business is owned and managed by Vincent Fabron who started the business on April 1, 2021. Vincent Fabron Automobiles has a monthly accounting period. The Unadjusted Trial Balance was prepared on September 30, 2021, which is shown below. Account Name Cash Petty Cash Fund Notes Receivable, due May 1, 2022 Accounts Receivable Allowance for Doubtful Accounts Interest Receivable Merchandise Inventory Dr Cr 4,950,000 30,000 750,000 7,010,000 190,000 10,500 6,425,000 Warehouse Supplies 165,000 Office Supplies 35,000 Prepaid Insurance 154,667 Warehouse Equipment 990,000 Accumulated Depreciation - Warehouse Equipment 15,000 Office Equipment 470,000 Accumulated Depreciation - Office Equipment 25,000 Notes Payable, due June 30 2022 750,000 Accounts Payable Interest Payable 2,845,000 20,000 Unearned Revenue 81,240 Notes Payable, Long term 850,000 Vincent Fabron, Capital 14,838,500 Vincent Fabron, Drawing 1,532,500 Sales 49,761,510 Sales Returns and Allowances 420,000 Interest Income 10,500 Purchases 23,150,000

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