Ace Athletics Co. Unadjusted Trial Balance December…
Ace Athletics Co. Unadjusted Trial Balance December 31, 2018 Account Title DR CR Cash $22,000 Prepaid insurance 3,000 Supplies 9,000 Inventory 25,000 Equipment 75,000 Accumulated depreciation, equipment $30,000 Building 167,500 Accumulated depreciation, building 2,250 Land 155,000 Unearned revenue 1,190 Bank loan payable 100,000 Common shares 80,000 Retained earnings 76,500 Sales revenue 489,600 Rent revenue 3,400 Cost of goods sold 244,800 Wages expense 76,000 Utilities expense 690 Property taxes expense 600 Interest expense 4,350 Totals $782,940 $782,940
Read Details