Use the following adjusted trial balance to answer.
|
CHOI COMPANY Adjusted Trial Balance December 31 |
Debit |
Credit |
|
Cash |
$ 3,050 |
|
|
Accounts receivable |
400 |
|
|
Prepaid insurance |
830 |
|
|
Supplies |
80 |
|
|
Equipment |
217,200 |
|
|
Accumulated depreciation—Equipment |
|
$ 29,100 |
|
Wages payable |
|
880 |
|
Interest payable |
|
3,600 |
|
Unearned rent |
|
460 |
|
Long term notes payable |
|
150,000 |
|
M Choi, Capital |
|
40,340 |
|
M Choi, Withdrawals |
21,000 |
|
|
Rent earned |
|
57,500 |
|
Wages expense |
25,000 |
|
|
Utilities expense |
1,900 |
|
|
Insurance expense |
3,200 |
|
|
Supplies expense |
250 |
|
|
Depreciation expense—Equipment |
5,970 |
|
|
Interest expense |
3,000 |
|
|
Totals |
$281,880 |
$281,880 |