The General Ledger of Sammy D Jr as at 30 November 2023 Name of account Cash $ 300 000 Bank (Overdraft) 1700 000 Sales Returns 5000 Premises 10 000 000 Inventory 4 000 000 Stationery Expense 25 000 General Admin Expenses 120 000 Investments 500 000 Investment income 10 000 Sales 25 000 000 Purchases 9 000 000 Capital 2 760 000 The total of the debit balance on the Trial Balance is
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300 000 + 1700 000 + 5000 + 10 000 000 + 4 000 000 + 25 000 + 120 000 + 500 000 + 25 000 000 + 9 000 000 = 49 745 000 Show more…
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The following balances were drawn from the accounts of Carter Company. The accounts and balances shown here are presented in random order: Equipment - $14,000, Cash - $25,000, Depreciation Expense - $7,000, Notes Payable - $22,000, Common Stock - $41,000, Accumulated Depreciation - $7,000, Interest Expense - $1,000, Cost of Goods Sold - $32,000, Retained Earnings - $12,000, Allowance for Doubtful Accounts - $2,000, Merchandise Inventory - $19,000, Interest Payable - $1,000, Sales Revenue - $52,000, Uncollectible Accounts Expense - $2,000, and Accounts Receivable - $37,000. Required: Prepare an adjusted trial balance. CARTER COMPANY | Account Titles
Akash M.
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid-in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,273.00 Current portion of long-term debt 33,750 35,000 Depreciation expense 54,000 54,201.00 Interest expense 40,500 42,805.00 Inventories 279,000 288,000 Long-term debt 339,570.00 398,024.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depreciation) 126,000 162,475.00 Retained earnings 306,000 342,000 Sales 639,000 847,787.00 Taxes 24,750 48,472.00
Shelayah R.
Madhur L.
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