Preparing a Trial Balance
Hagadorn Company has the following adjusted account s and balance s at year-end (June 30, 2011):
Accounts Payable | $250 | Interest Expense | $70 |
Accounts Receivable | 420 | Interest Income | 60 |
Accrued Expenses Payable | 160 | Inventories | 710 |
Accumulated Depreciation | 250 | Land | 300 |
Buildings and Equipment | 1,400 | Long-Term Debt | 1,460 |
Cash | 175 | Prepaid Expenses | 30 |
Contributed Capital | 400 | Salaries Expense | 640 |
Cost of Sales. | 780 | Sales Revenue | 2,400 |
Depreciation Expense | 150 | Rent Expense | 460 |
Income Taxes Expense | 135 | Retained Earnings | 150 |
Income Taxes Payable | 50 | Unearned Fees | 90 |
Prepare an adjusted trial balance in good form for the Hagadorn Company at June 30 , 2011.
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