The adjusted trial balance for the year ended December 31 for Lily Company is presented below: Cash LILY COMPANY Adjusted Trial Balance December 31 Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation-equipment Accounts payable Notes payable Interest payable Salaries payable Unearned revenue D. Lily, capital D. Lily, drawings Service revenue Salaries expense Utilities expense Rent expense Supplies expense Depreciation expense Interest expense Debit $6900 7650 3060 1160 54100 6560 4640 4160 2830 1220 1370 400 Credit $5410 6340 28100 400 840 8500 25660 18800 $94050 $94050

The adjusted trial balance for the year ended December 31 for Lily Company is presented below: Cash LILY COMPANY Adjusted Trial Balance December 31 Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation-equipment Accounts payable Notes payable Interest payable Salaries payable Unearned revenue D. Lily, capital D. Lily, drawings Service revenue Salaries expense Utilities expense Rent expense Supplies expense Depreciation expense Interest expense Debit $6900 7650 3060 1160 54100 6560 4640 4160 2830 1220 1370 400 Credit $5410 6340 28100 400 840 8500 25660 18800 $94050 $94050

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2SEA

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