Prepare a trial balance for the following data:
|
Accounts payable
|
80,000.00
|
|
Accounts receivable
|
106,700.00
|
|
Accumulated depreciation – equipment
|
28,000.00
|
|
Depreciation expense
|
1,000.00
|
|
Interest revenue
|
925.00
|
|
Equity securities (current asset)
|
4,000.00
|
|
Cash
|
80,500.00
|
|
Common stock (10,000 shares outstanding)
|
100,000.00
|
|
Cost of merchandise sold
|
635,550.00
|
|
Dividends Declared
|
19,100.00
|
|
Equipment
|
139,450.00
|
|
Dividends Payable
|
2,000.00
|
|
Dividend Revenue (from an investment)
|
200.00
|
|
General expenses
|
114,250.00
|
|
Interest expense
|
5,600.00
|
|
Merchandise inventory
|
150,250.00
|
|
Prepaid insurance
|
11,500.00
|
|
Retained earnings
|
?
|
|
Commission Expense (add’l selling)
|
18,500.00
|
|
Salaries Payable
|
14,550.00
|
|
Sales
|
985,500.00
|
|
Selling expenses
|
140,700.00
|