Question

The adjusted trial balance columns of the worksheet for Martinez Company are as follows. Martinez Company...

The adjusted trial balance columns of the worksheet for Martinez Company are as follows.

Martinez Company
Worksheet
For the Year Ended December 31, 2019

Adjusted Trial Balance

Account No.

Account Titles

Dr.

Cr.
101 Cash 5,300
112 Accounts Receivable 10,700
126 Supplies 1,600
130 Prepaid Insurance 1,900
157 Equipment 27,500
158 Accumulated Depreciation—Equipment 5,100
200 Notes Payable 14,000
201 Accounts Payable 6,100
212 Salaries and Wages Payable 2,100
230 Interest Payable 700
311 Common Stock 9,900
320 Retained Earnings 3,400
332 Dividends 6,800
400 Service Revenue 63,200
610 Advertising Expense 8,900
631 Supplies Expense 4,000
711 Depreciation Expense 5,100
722 Insurance Expense 3,600
726 Salaries and Wages Expense 28,400
905 Interest Expense

700

  

Totals

104,500

104,500

Post the closing entries. (Post entries in the order of journal entries presented in the previous part.)
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