Solution-Prepare a Trial balance at December

Prepare a Trial balance at December

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Reference no: EM133127654

Question - The balance of ABC Inc.'s accounts all have a normal balance and the following amounts at December 31, 2021:

Account receivable	$27,650
Account payable	$48,200
Bank loan (9 months remaining)	$13,875
Building	$355,000
Cash	$7,500
Common Shares	$155,000
Cost of Goods Sold	$53,700
Dividends	$2,500
Equipment	$42,000
Interest expense	$180
Inventory	$22,075
Patent	$12,000
Rent expense	$2,400
Retained Earnings (beginning)	$83,500
Salary expense	$58,000
Sales revenue	$283,200
Sales discount	$675
Supplies expense	$920
Unearned revenues	$825

Required - Prepare a Trial balance at December 31, 2021.

Reference no: EM133127654

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Prepare a Trial balance at December

Reference no: EM133127654

Reference no: EM133127654

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