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The Green and Silver Company started operations on January 1, 2018. The trial balance is proviced below.
Green and Silver Company
Trial Balance
For the Year Ended December 31, 2019
Debits
Credits
Cash
S 7,000
$
Accounts Receivable
3,200
Prepaid Insurance
1,080
Inventory
6,300
Land
4,200
Equipment
15,000
Accumulated Depreciation - Equipment
350
Notes Payable
5,000
Accounts Payable
1,070
Salaries and Wages Payable
300
Interest Payable
50
Deferred Revenue
800
Common Stock
1,400
Additional Paid in Capital
12,600
Retained Earnings
10,500
Dividends
600
Sales
23,200
Cost of Sales
10,350
Salaries and Wages Expense
3,850
Depreciation Expense
Insurance Expense
1,800
Utilities Expense
1,490
Interest Expense
S 55,270
$ 55,270
Instructions:
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