ABC Trading
Trial Balance
For the year ended December 31, 2022
Acct. Unadjusted Trial Balance
Account
No. Debit Credit
1 101 Cash 809,600
2 102 Accounts receivable 125,000
3 103 Allowance for doubtful accounts 6,000
4 104 Notes receivable (collectible after 60 days) 200,000
5 105 Supplies 20,000
6 106 Merchandise inventory 150,000
7 107 Prepaid rent
8 108 Prepaid insurance 80,000
9 109 Furniture and fixtures 830,500
10 110 Accumulated depreciation 166,100
11 201 Accounts payable 72,000
12 202 Salaries payable
13 203 Notes payable (payable after 600 days) 150,000
14 301 J. King, Capital 1,500,000
15 302 J. King, Drawing 380,000
16 401 Sales 3,000,000
17 402 Sales discount 300,000
18 403 Rent income 120,000
19 404 Interest income 20,000
20 501 Cost of goods sold 1,800,000
21 502 General & administrative 240,000
22 503 Marketing & distribution 90,000
23 504 Interest expense 9,000
24
25 SUBTOTAL 5,034,100 5,034,100
26 Net Income
27
28 TOTAL 5,034,100 5,034,100
29
30
31 -
32
33
34
35
36
37
38
Adjustments Adjusted Trial Balance Income Statement
Debit Credit Debit Credit Debit Credit
809,600
1,000 126,000
500 6,500
200,000
20,000
150,000
50,000 50,000
80,000
830,500
166,100 332,200
72,000
5,000 5,000
150,000
1,500,000
380,000
1,000 3,001,000
300,000
120,000
20,000
1,800,000
141,600 381,600
20,000 70,000
9,000
192,600 192,600 5,206,700 5,206,700
192,600 192,600 5,206,700 5,206,700
- - -
Balance Sheet
Debit Credit
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
- 31
32
33
34
35
36
37
38