The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed...

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The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed...

The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustment journal entries follow. (Round all results to the nearest whole dollar amount.)

Depreciation on furniture for the year, $420.
Depreciation on building for the year, $980.
Depreciation on equipment for the year, $2,350

Duck Ponds, Inc.

Trial Balance

December 31, 20XX

Account Title	Debit	Credit
Cash	$19,300
Accounts receivable	47,630
Allowance for doubtful accounts	250
Prepaid rent	1,680
Supplies	6,800
Investments	113,520
Furniture	15,350
Accumulated depreciation-furniture		12,800
Equipment	44,600
Accumulated depreciation-equipment		1,830
Building	89,900
Accumulated depreciation-building		28,600
Accounts payable		6,240
Salary payable
Unearned revenue, customer deposits		19,750
Bonds payable		150,000
Premium of bonds payable		6,000
Common stock		20,000
Retained earnings		54,920
Dividends	5,250
Revenue		128,800
Salary expense	51,600
Rent expense	5,000
Utilities expense	10,410
Depreciation expense-furniture	0
Depreciation expense-equipment	0
Depreciation expense-building	0
Advertising expense	5,650
Supplies expense	12,000
Bad debts expense	0
Interest expense	0
Total	$428,940	$428,940

business accounting

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Answer 1

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Trial balance after adjustments will be as follows :-

Account title	debit	credit
Cash	19300
Account receivable	47630
Allowance for doubtful accounts	250
Prepaid rent	1680
Supplies	6800
Investments	113520
Furniture	15350
Accumulated depreciation - furniture		13220
Equipment	44600
Accumulated depreciation - equipment		4180
Building	89900
Accumulated depreciation - building		29580
Accounts payable		6240
Salary payable
Unearned revenue		19750
Bonds payable		150000
Premium of bonds payable		6000
Common stock		20000
Retained earnings		54920
Dividend	5250
Revenue		128800
Salary expense	51600
Rent expense	5000
Utilities exp	10410
Depreciation - furniture	420
Deprivation expense - equipment	2350
Depreciation expense - building	980
Advertising expense	5650
Supplies exp	12000
Bad debt	0
Interest expense	0
Total	432690	43269

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