The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data...
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Accounting
The trial balance of A. Duck Ponds, Inc., at December 31, 20XX, and the data needed for the year-end adjustments follow. (Round all results to the nearest whole dollar amount.)
A. Depreciation on furniture for the year, $420.
B. Depreciation on building for the year, $980.
C. Depreciation on equipment for the year, $2,350
Duck Ponds, Inc.
Trial Balance
December 31, 20XX
Account Title
Debit
Credit
Cash
$19,300
Accounts receivable
47,630
Allowance for doubtful accounts
250
Prepaid rent
1,680
Supplies
6,800
Investments
113,520
Furniture
15,350
Accumulated depreciation-furniture
12,800
Equipment
44,600
Accumulated depreciation-equipment
1,830
Building
89,900
Accumulated depreciation-building
28,600
Accounts payable
6,240
Salary payable
Unearned revenue, customer deposits
19,750
Bonds payable
150,000
Premium of bonds payable
6,000
Common stock
20,000
Retained earnings
54,920
Dividends
5,250
Revenue
128,800
Salary expense
51,600
Rent expense
5,000
Utilities expense
10,410
Depreciation expense-furniture
0
Depreciation expense-equipment
0
Depreciation expense-building
0
Advertising expense
5,650
Supplies expense
12,000
Bad debts expense
0
Interest expense
0
Total
$428,940
$428,940
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