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QUESTION
Liabilities* Accounts payable Common Stock beg . 4 4, 610 beg . 250, 000 31 - Dec 220, 00.0 31 - Dec 230.00 34, 616 Ending 250, 0.00 Retained...
Please check my adjusted trial balance at the end. Thanks, Jon
During 2018, the following occurred:
- Customer sales on account $400,000.
- Received payments from customers in cash $380,000.
- Purchased merchandise on credit $220,000.
- Paid cash to vendors $230,000.
- Costs related to merchandise sold $170,000.
- Operating expenses were paid in cash $80,000.
There is additional information to consider.
- A note payable for $46,200 was issued on June 30, 2018 and is due in two years on June 30, 2020. Interest in the amount of 10% is paid annually on June 30th.
- Depreciation on the plant assets for the year is $20,000.
- The original cost of the plant assets was $300,000.
As of December 31, 2018
- Attachment 1
- Attachment 2
- Attachment 3
- Attachment 4
- Attachment 5
- Attachment 6
