Unadjusted Trial Balance

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Unadjusted Trial Balance

ABC Corporation
Unadjusted Trial Balance
December 31, 2021
Debit Credit
Cash 442,736
Accounts receivable 300,000
Allowance for doubtful accounts – 0
Inventory – 0
Allowance to Reduce Inventory to NRV – 0
Purchases 350,000
Prepaid insurance 4,167
Land 88,000
Building 500,000
Accumulated depreciation: building 16,570
Equipment 260,000
Accumulated depreciation: equipment 108,330
Delivery Trucks – 0
Accumulated depreciation: delivery trucks – 0
Investment in XYZ Company Stock 100,000
Patent 200,000
Accounts payable 116,184
Notes payable 100,000
Income taxes payable 47,667
Unearned rent revenue 15,000
Bonds Payable 1,000,000
Premium on Bonds Payable 81,105
Common stock 125,000
PIC In Excess of Par-Common Stock 40,000
Retained earnings
Treasury stock 50,000
Dividends 28,000
Sales Revenue 1,050,491
Unrealized Holding Losses/Gains on Trading Securities-NI
Advertising expense 9,240
Wages expense 62,150
Office expense 54,083
Depreciation expense 124,900
Utilities expense 33,571
Insurance expense 45,833
Income taxes expense 47,667
$ 2,700,347 $ 2,700,347
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