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You have decided to take your experience working with Jones Surf Shop and Pacific Surfboard and start a consulting firm of your own. Your first

You have decided to take your experience working with Jones Surf Shop and Pacific Surfboard and start a consulting firm of your own. Your first client is Playtime, inc. Playtime's primary business is buying and selling swingsets. The following balance were taken from Playtime, Inc at the beginning of August. Playtime, Inc Trial Balance 30-Jul Account Title Debit Credit Accounts Payable 35,619 00 01 Accounts Receivable 27,800 Accumulated Depreciation 11,000 Advertising Expense 8,950 Cash 198,375 Common Stock 50,000 Cost of Goods Sold 157,890 Depreciation Expense 7,000 Equipment 80,000

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