Unadjusted balance Adjustments Account Description 31/12/2012 Balance Sheet Debit Credit Debit Credit Cash 270 700 Inventory 16 000 Equipment 35 000 Land 10 000 Building 15 000 Improvements to Building 55 000 Start-up Org Costs Accumulated Depreciation 9...
More
Unadjusted balance Adjustments Account Description 31/12/2012 Balance Sheet Debit Credit Debit Credit Cash 270 700 Inventory 16 000 Equipment 35 000 Land 10 000 Building 15 000 Improvements to Building 55 000 Start-up Org Costs Accumulated Depreciation 9 000 Accumulated Amortization Accounts payable 40 000 Taxes Payable 8 000 Notes payable - current 7 800 Notes payable - Long-term 78 000 7 800 Salaries Payable 20 000 Capital Stock 115 000 Income Statements Sales 400 000 Gain on sale of MND stock 18 000 Dividend from MND Corporation 2 000 Cost of Goods Sold 84 000 Legal Expenses 6 000 Accounting Expenses 4 000 Miscellaneous Expenses 2 100 Premium on life insurance policy 800 Advertising 8 600 Utilities 8 000 Payroll Taxes 12 500 Salary expenses 120 000 60 000 Insurance 9 000 Repairs 6 500 Charitable contributions 17 600 Depreciation per books 9 000 Amortization Expense Compensation to Officer 60 000 Interest expense 200 Balance 690 000 690 000 67 800 67 800
Less