The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to the nearest whole dollar amount.)
Accrued salary expense at December 31, $780.
Duck Ponds, Inc.
Trial Balance
December 31, 20XX
Account Title |
Debit |
Credit |
|
Cash |
$19,300 |
||
Accounts receivable |
47,630 |
||
Allowance for doubtful accounts |
250 |
||
Prepaid rent |
1,680 |
||
Supplies |
6,800 |
||
Investments |
113,520 |
||
Furniture |
15,350 |
||
Accumulated depreciation-furniture |
12,800 |
||
Equipment |
44,600 |
||
Accumulated depreciation-equipment |
1,830 |
||
Building |
89,900 |
||
Accumulated depreciation-building |
28,600 |
||
Accounts payable |
6,240 |
||
Salary payable |
|||
Unearned revenue, customer deposits |
19,750 |
||
Bonds payable |
150,000 |
||
Premium of bonds payable |
6,000 |
||
Common stock |
20,000 |
||
Retained earnings |
54,920 |
||
Dividends |
5,250 |
||
Revenue |
128,800 |
||
Salary expense |
51,600 |
||
Rent expense |
5,000 |
||
Utilities expense |
10,410 |
||
Depreciation expense-furniture |
0 |
||
Depreciation expense-equipment |
0 |
||
Depreciation expense-building |
0 |
||
Advertising expense |
5,650 |
||
Supplies expense |
12,000 |
||
Bad debts expense |
0 |
||
Interest expense |
0 |
||
Total |
$428,940 |
$428,940 |
Date | Accounts title | Debit | Credit |
31-Dec | Salary expenses | $ 780.00 | |
Salary Payable | $ 780.00 | ||
(Salaries accrued to be paid) |
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