TRIAL BALANCE

Accounts Receivable Current Asset 43,700

Cash Current Asset 7,890
Prepaid Rent Current Asset 10,000
Supplies on Hand Current Asset 2,500
Allowance for Bad Debts Current Asset Contra Asset 2,000
Accounts Payable Current Liability 16,950
Interest Payable Current Liability 1,100
Notes Payable Current Liability 39,000
Salaries Payable Current Liability 2,840
Unearned Revenues Current Liability 13,800
De Mesa, Capital Equity 101,120
De Mesa, Withdrawal Equity 9,000
Purchase Discounts Income Statement - Credit 1,990
Purchase Return and Allowances Income Statement - Credit 3,400
Sales Income Statement - Credit 731,000
Interest Expenses Income Statement - Debit 5,400
Inventory, 1-1-2016 Income Statement - Debit 69,350
Purchases Income Statement - Debit 364,000
Rent Expenses Income Statement - Debit 10,000
Salaries Expenses Income Statement - Debit 116,700
Sales Discount Income Statement - Debit 10,400
Sales Return and Allowances Income Statement - Debit 18,030
Supplies Expenses Income Statement - Debit 5,100
Advertising Expenses Income Statement - Expense 132,900
Office Equipment Non-Current Asset 58,680
Store Equipment Non-Current Asset 88,000
Accumulated Depreciation - Office Equipment Non-Current Contra Asset 22,450
Accumulated Depreciation - Store Equipment Non-Current Contra Asset 16,000
TOTAL

Notes
Inventory 12-31-2016 Income Statement - Credit 65,520
Debit Credit
43,700
7,890
10,000
2,500
2,000
16,950
1,100
39,000
2,840
13,800
101,120
9,000
1,990
3,400
731,000
5,400
69,350
364,000
10,000
116,700
10,400
18,030
5,100
132,900
58,680
88,000
22,450
16,000
951650 951650
 Trial Balance Income Statement
Account Debit Credit Debit
Cash 7,890
Accounts receivable 43,700
Allowance for bad debts 2,000
Merchandise Inventory 69,350 69,350
Supplies 2,500
Prepaid rent 10,000
Office Equipment 58,680
Accumulated Depreciation - Office Equipment 22,450
Store Equipment 88,000
Accumulated Depreciation - Store Equipment 16,000
Accounts Payable 16,950
Interest Payable 1,100
Salaries Payable 2,840
Notes Payable 39,000
Unearned Revenues 13,800
De Mesa, Capital 101,120
De Mesa, Withdrawals 9,000
Sales 731,000
Sales Discount 10,400 10,400
Sales Return and Allowances 18,030 18,030
Purchases 364,000 364,000
Purchase Discount 1,990
Purchase Return and Allowances 3,400
Advertising Expenses 132,900 132,900
Interest Expenses 5,400 5,400
Rent Expenses 10,000 10,000
Salaries Expenses 116,700 116,700
Supplies Expenses 5,100 5,100
Totals 951,650 951,650 731,880
Net Income 70,030
Totals 801,910
Income Statement Balance Sheet
Credit Debit Credit
7,890
43,700
2,000
65,520 65,520
2,500
10,000
58,680
22,450
88,000
16,000
16,950
1,100
2,840
39,000
13,800
101,120
9,000
731,000

1,990
3,400

801,910 285,290 215,260

70,030
801,910 285,290 285,290