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The following accounts and account balances are available for Badger Auto Parts at December 31: Accounts Payable $9,000   Income Taxes Payable $3,600 Accounts Receivable 41,100   Interest Expense 6,650 Accumulated Depreciation (Furniture) 47,800   Interest Payable 1,800 Advertising Expense 29,200   Inventory 60,600 Cash 3,200   Notes Payable (Long-Term) 50,000 Common Stock 100,000   Prepaid Rent 15,250 Cost of Goods Sold 184,400   Retained Earnings, January 1 16,000 Depreciation Expense (Furniture) 10,400   Sales Revenue 264,100 Furniture 128,000   Utilities Expense 9,700 Income Taxes Expense 3,800         Required: Prepare a trial balance. Assume that all accounts have normal balances. If an amount box does not require an entry, leave it blank.

The following accounts and account balances are available for Badger Auto Parts at December 31: Accounts Payable $9,000   Income Taxes Payable $3,600 Accounts Receivable 41,100   Interest Expense 6,650 Accumulated Depreciation (Furniture) 47,800   Interest Payable 1,800 Advertising Expense 29,200   Inventory 60,600 Cash 3,200   Notes Payable (Long-Term) 50,000 Common Stock 100,000   Prepaid Rent 15,250 Cost of Goods Sold 184,400   Retained Earnings, January 1 16,000 Depreciation Expense (Furniture) 10,400   Sales Revenue 264,100 Furniture 128,000   Utilities Expense 9,700 Income Taxes Expense 3,800         Required: Prepare a trial balance. Assume that all accounts have normal balances. If an amount box does not require an entry, leave it blank.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...
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The following accounts and account balances are available for Badger Auto Parts at December 31:

Accounts Payable $9,000   Income Taxes Payable $3,600
Accounts Receivable 41,100   Interest Expense 6,650
Accumulated Depreciation (Furniture) 47,800   Interest Payable 1,800
Advertising Expense 29,200   Inventory 60,600
Cash 3,200   Notes Payable (Long-Term) 50,000
Common Stock 100,000   Prepaid Rent 15,250
Cost of Goods Sold 184,400   Retained Earnings, January 1 16,000
Depreciation Expense (Furniture) 10,400   Sales Revenue 264,100
Furniture 128,000   Utilities Expense 9,700
Income Taxes Expense 3,800      

 

Required:

Prepare a trial balance. Assume that all accounts have normal balances. If an amount box does not require an entry, leave it blank.

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