Question

The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances.

Accounts Payable $39,000
Accounts Receivable 66,400
Accumulated Depreciation 21,400
Cash 80,200
Common Stock 94,700
Equipment 90,600
Income Tax Expense 10,490
Notes Payable (long-term) 1,490
Office Expenses 6,290
Rent Expense 164,100
Retained Earnings 99,790
Salaries and Wages Expense 128,600
Sales Revenue 325,400
Supplies 35,100

Required:
Prepare an adjusted trial balance at September 30, 2018.

Answer 1

DEBIT SIDE $581,780

CREDIT SIDE $581,780

Step-by-step explanation:

Preparation of adjusted Trial balance

Trial balance at September 30, 2018

DEBIT SIDE

Cash 80,200

Account receivable 66,400

Supplies 35,100

Equipment 90,600

Salaries and wages expense 128,600

Rent expense 164,100

Office expense 6,290

Income tax expense 10,490

TOTAL $581,780

CREDIT SIDE

Accumulated depreciation 21,400

Account payable 39,000

Notes payable 1,490

Common Stock 94,700

Retained earnings 99,790

Sales revenue 325,400

TOTAL $581,780