Prepare a trial balance, Prepare a trial balance for the

Prepare a trial balance

Assignment Help Financial Accounting

Reference no: EM13912853

Prepare a trial balance for the following data:

Accounts payable	80,000.00
Accounts receivable	106,700.00
Accumulated depreciation – equipment	28,000.00
Depreciation expense	1,000.00
Interest revenue	925.00
Equity securities (current asset)	4,000.00
Cash	80,500.00
Common stock (10,000 shares outstanding)	100,000.00
Cost of merchandise sold	635,550.00
Dividends Declared	19,100.00
Equipment	139,450.00
Dividends Payable	2,000.00
Dividend Revenue (from an investment)	200.00
General expenses	114,250.00
Interest expense	5,600.00
Merchandise inventory	150,250.00
Prepaid insurance	11,500.00
Retained earnings	?
Commission Expense (add’l selling)	18,500.00
Salaries Payable	14,550.00
Sales	985,500.00
Selling expenses	140,700.00

Reference no: EM13912853

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