The trial balance of Lucky Trading shows the adjusted balances at the end of its fiscal year, March 31, 2021: Debit 317,810 Credit Cash Accounts Receivable 142,050 Merchandise Inventory Store Supplies Prepaid Rent 102,660 22,400 125,000 Store Equipment Accumulated Depreciation - Store Equipment |Accounts Payable Short-term Loans Accrued Salaries Unearned Income Income Tax Payable Co, Capital Accumulated Dopreciation - Store Equipment 186,100 50,120 54,900 142,990 33,500 51,300 26,000 500,000 50,120 Accounts Payable 54,900 Short-term Loans 142,990 Accrued Salaries 33,500 Unearned Income 51,300 Income Tax Payable 26,000 Со, Сарtal Co, Drawing 500,000 40,000 Sales 415,740 Sales Discounts 7,600 Sales Returns & Allowances 3,000 Purchases 211,650 Purchase Discounts 10,000 Purchase Returns & Allowances 5,200
The trial balance of Lucky Trading shows the adjusted balances at the end of its fiscal year, March 31, 2021: Debit 317,810 Credit Cash Accounts Receivable 142,050 Merchandise Inventory Store Supplies Prepaid Rent 102,660 22,400 125,000 Store Equipment Accumulated Depreciation - Store Equipment |Accounts Payable Short-term Loans Accrued Salaries Unearned Income Income Tax Payable Co, Capital Accumulated Dopreciation - Store Equipment 186,100 50,120 54,900 142,990 33,500 51,300 26,000 500,000 50,120 Accounts Payable 54,900 Short-term Loans 142,990 Accrued Salaries 33,500 Unearned Income 51,300 Income Tax Payable 26,000 Со, Сарtal Co, Drawing 500,000 40,000 Sales 415,740 Sales Discounts 7,600 Sales Returns & Allowances 3,000 Purchases 211,650 Purchase Discounts 10,000 Purchase Returns & Allowances 5,200
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 4PB: The accounts and their balances in the ledger of Markeys Mountain Shop as of December 31, the end of...
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