Account Titles Trail Balance
Dr Cr
Cash 235763
Petty Cash 225
Accounts Receivable 271280
Allowance for Doubtful Accounts 880
Notes Receivable 104200
Interest Receivable 0
Inventory 531960
Supplies 3680
Prepaid Insurance 11020
Prepaid Rent 25410
Other Assets 160000
Land 99650
Buildings 306000
Accum. Dep. – Buildings 73040
Equipment 31000
Accum. Dep. – Equipment 18450
Trucks 78400
Accum. Dep. – Trucks 39540
Notes Payable 15000
Accounts Payable 170740
Salaries and Wages Payable 0
FICA Taxes Payable 5770
Income Taxes Payable 0
Federal Withholding Payable 9663
State Withholding Payable 4418
FUTA Taxes Payable 400
SUTA Taxes Payable 2600
Intrest Payable 0
Dividens Payable 12190
Notes Payable (LT) 113000
Bonds Payable 275000
Discounts on Bonds Payable 6400
Common Stock 207000
PIC in Excess of Stated Value 292400
Retained Earnings 350558
Tresury Stock 125610
Dividens 0
Income Summary 0
Sales Revenue 5628052
Sales and Returns Allowances 14060
Sales Discounts 77121
Purchases 3952380
Purchase Returns and Allowances 29070
Purchase Discounts 69176
Freight In 22820
Advertising Expense 7678
Bad Debt Expense 0
Supplies Expense 1578
Freight Out 19670
Misc. Expense 30
Depreciation Expense 350
Insurance Expense 0
Salaries and Wages Expense 984652
Rent Expense 0
Payroll Tax Expense 85801
Utilities Expense 16669
Intrest Revenue 3150
Gain on Disposal of Plant Assets 0
Intrest Expense 24570
Loss on Disposal of Plant Assets 500
Income Tax Expense 112000
Totals 7310477 7320097
Income Tax Expense
Income Tax Payable
Net Income
Totals
Any Ideas where I am going wrong would be appreciated
Balance according to Prof is supposed to be cr/dr 7320877
Dr are 10400 short and Credits are 780 short