Trial Balance project 2

Trial Balance project 2 - Income Taxes payable 7,785 Note...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
No Fear Outfitter's, Inc. Adjusted Trial Balance, Dec 31st 2007 Account Title Unadjusted Trial Balance Adjustments Adjuste Debit Credit Debit Credit Debit Cash 52,450 52,450 Certificates of Deposit 60,000 60,000 Accounts Receivable 10,000 10,000 Interest Receivable 1,000 1,000 Repair Supplies 8,500 5,700 2,800 Prepaid Insurance 9,300 6,900 2,400 Riverfront Property 70,000 70,000 Storage Sheds 30,000 30,000 Accumulated Depreciation(sheds) 12,000 1,500 Rafts/Boats 100,000 100,000 Accumulated Depreciation(rafts/boats) 20,000 7,800 Accounts Payable 6,500 Note payable-short term 10,000 Wages Payable 10,000 Interest Payable 5,200 Dividends Payable 30,000 Unearned Outing Revenue 16,000 4,000
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Income Taxes payable 7,785 Note payable-long term 65,000 10,000 Capital Stock 125,000 Retained Earnings 37,700 Dividends 30,000 30,000 Outing Revenue 118,000 4,000 Interest Revenue 1,000 Wages Expense 54,500 10,000 64,500 Utilities Expense 5,450 5,450 Insurance Expense 6,900 6,900 Repairs Supplies Expense 5,700 5,700 Interest Expense 5,200 5,200 Depreciation Expense-sheds 1,500 1,500 Depreciation Expense-rafts/boats 7,800 7,800 Income Tax Expense 7,785 7,785 Total 430,200 430,200 59,885 59,885 463,485 d Trial Balance Credit 13,500 27,800 6,500 10,000 10,000 5,200 30,000 12,000 7,785 55,000 125,000 37,700 122,000 1,000 463,485...
View Full Document

Page1 / 2

Trial Balance project 2 - Income Taxes payable 7,785 Note...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online