The following trial balance was prepared by a new employee.
|
Trial Balance Alden Company, Inc. For Year Ended November 30, 2003 |
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|
Cash |
$18,250 |
|
|
Mortgage Payable |
$78,900 |
|
|
Advertising Expense . |
9,600 |
|
|
Capital Stock . |
102,000 |
|
|
Equipment. |
36,900 |
|
|
Notes Payable . |
187,350 |
|
|
Inventory. |
148,000 |
|
|
Wages Expense. |
87,150 |
|
|
Notes Receivable |
5,000 |
|
|
Accounts Payable |
19,750 |
|
|
Accounts Receivable |
5,300 |
|
|
Rent Expense |
8,750 |
|
|
Wages Payable . |
9,000 |
|
|
Furniture |
15,000 |
|
|
Other Expenses |
2,950 |
|
|
Sales Revenue |
235,600 |
|
|
Buildings |
104,700 |
|
|
Cost of Goods Sold |
113,050 |
|
|
Property Tax Expense |
1,300 |
|
|
Land . |
87,850 |
|
|
Retained Earnings |
14,400 |
|
|
Utilties Expense. |
3,200 |
|
|
Totals. |
$537,800 |
$756,200 |
Prepare the corrected company trial balance. (Assume all accounts have normal balances and the recorded amounts are correct.)