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Hagadorn Company has the following adjusted accounts and balances at year-end (June 30):
Problem 1: Prepare a adjusted trial balance in good form for the Hagadorn Company at June 30.
Accounts Payable $ 140
Interest Expense $ 70
Accounts Receivable 430
Interest Income 35
Accrued Expenses Payable 140
Inventories 740
Accumulated Depreciation 150
Land 370
Additional Paid-in Capital 248
Long-Term Debt 1,430
Buildings and Equipment 1,500
Prepaid Expenses 50
Cash 365
Salaries Expense 780
Common Stock 62
Sales Revenue 2,390
Cost of Sales 800
Rent Expense 500
Depreciation Expense 340
Retained Earnings 1,485
Income Taxes Expense 255
Unearned Fees 80
Income Taxes Payable 40
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