LOREN FOELSKE WHOLESALE COMPANY

Worksheet on December 31, 2020

Account Title Trail Balance Adjustments Adjusted Trail Balance
Debit Credit Debit Credit Debit Credit
Cash 25,400 25,400
Accounts Receivables 37,600 37,600
Merchadise Inventory 90,000 1,100 88,900
Land 92,000 92,000
Buildings 197,000 197,000
Accum't Dep'n-Building 54,000 10,000 64,000
Equipment 83,500 83,500
Accum't Dep'n-Equip't 42,400 9,000 51,400
Notes Payable 50,000 50,000
Accounts Payable 39,000 39,000
L.Foelske, Capital 267800 267,800
L.Foelske, Drawing 10,000 10,000
Sales 904,100 904,100
Sales Discounts 6,100 6,100
Cost of Goods Sold 709,900 1,100 711,000
Salaries Expense 69,800 69,800
Utilities Expense 19,400 19,400
Repair Expense 5,900 5,900
Gas and Oil Expense 7,200 7,200
Insurance Expense 3,500 3,500
Total 1,357,300 1,357,300
Depreciation Expense 19,000 19,000
Interest Expense 5,000 5,000
Interest Payable 5,000 - 5,000
25,100 25,100 1,381,300 1,381,300