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Required information The following information applies to the questions displayed below. Psymon Company, Inc., sells...

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Required information The following information applies to the questions displayed below. Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial balance was created from the general ledger accounts on December 31: Account Titles Cash Accounts Receivable Inventory Property and Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings, January 1 Sales Revenue Cost of Goods Sold Salaries and Wages Expense Office Expenses Interest Expense Income Tax Expense Totals Debits 49,310 20,800 75,500 57,000 Credits 23,900 34,900 104,000 13,000 196,400 114,800 19,800 20,800 2,700 11,490 _ $372,200 372,200

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