#12 Ward Specialty Foods

Trial Balance
December 31, 2020
ACCOUNT TITLE Dr.                     Cr.          
Cash 18,500
Accounts Receivable 7,900
Less: Allowance for Doubtful Accounts 1,100
Inventory 23,000
Prepaid Rent 6,300
Prepaid Insurance 600
Equipment 35,000
Accumulated depreciation 14,800
Accounts payable 8,800
Accrued Salaries 510
Accrued Payroll Taxes 400
Accrued Utilities 450
Payroll taxes withheld 850
Ward, drawing 24,000
Ward, capital 41,915
Sales 190,400
Purchases 86,700
Salaries 29,635
Payroll taxes 3,050
Rent 7,725
Miscellaneous expenses 3,900
Insurance 2,340
Utilities 3,675
Depreciation Expense 5,800
Doubtful Accounts Expense 1,100
Totals 259,225 259,225