Macro Company has the following adjusted accounts and balances at June 30: value

Question

Macro Company has the following adjusted accounts and balances at June 30: value 10.00 points Macro Company has the following adjusted accounts and balances at June 30 Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation-Equipment Cash Common Stock Depreciation Expense Equipment Income Tax Expense Income Tax Payable Interest Expense Interest Revenue Notes Payable (long-term) Office Expenses Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Software Supplies Unearned Revenue $ 280 530 140 230 1,000 280 100 1,380 100 30 170 50 1,280 800 40 380 110 640 3,530 190 690 90

Explanation / Answer

Prepare adjusted Trial Balance :

Debit Credit Cash 1000 Account receivable 530 Supplies 690 Prepaid rent 40 Software 190 Equipment 1380 Accumlated depreciation -equipment 230 Accumlated Amortization 140 Account payable 280 Income tax payable 30 Unearned revenue 90 Notes payable 1280 Common stock 280 Retained earnings 110 Sales revenue 3530 Interest revenue 50 Depreciation expenses 100 Interest expenses 170 Income tax expenses 100 Office expenses 800 Rent expenses 380 Salaries and wages expenses 640 TOTAL 6020 6020

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