Winter Company's balance sheet at December 31, 2019, is presented below.

WINTER COMPANY

Balance Sheet

December 31, 2019

Cash$13,100Accounts payable$8,750Accounts receivable19,780Owner's capital32,730Allowance for doubtful accounts(800)Inventory9,400$41,480$41,480

During January 2020, the following transactions occurred. Winter uses the perpetual inventory method.

Jan. 1Winter accepted a 4-month, 8% note from Merando Company in payment of Merando's $1,200 account.3Winter wrote off as uncollectible the accounts of Inwood Corporation ($450) and Goza Company ($280).8Winter purchased $17,200 of inventory on account.11Winter sold for $28,000 on account inventory that cost $19,600.15Winter sold inventory that cost $700 to Mark Lauber for $1,000. Lauber charged this amount on his Visa First Bank card. The service fee charged Winter by First Bank is 3%.17Winter collected $22,900 from customers on account.21Winter paid $14,300 on accounts payable.24Winter received payment in full ($280) from Goza Company on the account written off on January 3.27Winter purchased supplies for $1,400 cash.31Winter paid other operating expenses, $3,718.

Adjustment data:

1.Interest is recorded for the month on the note from January 1.2.Bad debts are expected to be 6% of the January 31, 2020, accounts receivable.3.A count of supplies on January 31, 2020, reveals that $560 remains unused.

Prepare an adjusted trial balance at January 31, 2020.

WINTERCOMPANY

Adjusted Trial Balance

January 31, 2020

For the Quarter Ended January 31, 2020

For the Year Ended January 31, 2020

Debit

Credit

$

$

Totals$

$