ACTG 210 Project 1.xlsx - Accounts Cash Marketable...

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Accounts Initial Trial Balance Debit Credit Adjusted Balance Cash 837,116 784,000 (250) 1,620,866 Marketable Securities 23,001 23,001 Accounts Receivable 12 12 Prepaid Expenses 42,000 (6200) 35,800 Equipment 125,000 125,000 Land 3,560,000 3,560,000 Long Term Investments 2 2 Unearned Revenues (23100) (784000) (807,100) Accounts Payable (310905) (310,905) Short Notes Payable (25000) (25,000) Income Taxes Payable (23001) (23,001) Bonds Payable (256000) (256,000) Accrued Expenses Payable (2300) (188) (2,488) Current Maturities on Long Term Debt (41000) (41,000) Accumulated Depreciation (14000) (3000) (17,000) Long Term Debt (600000) (600,000) Common Stock (24000) (24,000) Retained Earnings (230142) (230,142) Sales Revenues (5600000) (5,600,000) Cost of Goods Sold 23100 23,100 Depreciation Expense 12500 3,000 15,500 Administrative Expense 2500 2,500 Income Taxes Expense 0 0 Political Expenses 0 0 Interest Expense 2315 250 2,565 Insurance Expense 0 6,200 6,200 Utilities expense 2500000 188 2,500,188 Wages Expense 26102 12,600 38,702 Interest Income (4200) (4,200) N/A 0 0 Wages Payable (12600) (12,600) Income Tax Expense 150,722 150,722 Income Tax Payable (150772) (150722.00) 0 957,010 (957010) 0 Shares Outstanding 1,325
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Close Final Trial Balance 1,620,866 23,001 12 35,800 125,000 3,560,000 2 (807100) (310905) (25000) (23001) (256000) (2488) (41000) (17000) (600000) (24000) (2864673) (3094815) 5600000 (23100) (15500) (2500) 0 0 (2565) (6200) (2500188) (38702) 4,200 0 (12600) (150772.00) (150772) 0 0
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Stanford,Inc.
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