“I need to create a Trial Balance with the information provided in the attached file. I just can’t seem to get them to add up.

401K Payable

–

Accounts payable

215,000.00

Accounts receivable

150,000.00

Accumulated depreciation –
buildings

338,000.00

Accumulated depreciation –
equipment

14,550.00

Accumulated depreciation –
furniture

17,950.00

Advertising expense

–

Allowance for doubtful
accounts

21,500.00

Bad debt expense

–

Buildings

1,500,000.00

Cash

30,925.00

Common stock

500,000.00

Cost of goods sold

405,000.00

Depreciation expense –
building

–

Depreciation expense –
equipment

–

Depreciation expense –
furniture

–

Dividends

25,000.00

Equipment

20,000.00

Federal income tax payable

–

Furniture

55,000.00

Gain on the sale of old
furniture

5,000.00

Income tax expense

50,000.00

Income tax payable

50,000.00

Interest expense

–

Interest payable

–

Interest receivable

–

Interest revenue

–

Inventories

418,500.00

Land

647,700.00

Long-term notes payable

1,250,000.00

Notes Receivable

46,875.00

Other operating expenses

50,000.00

Payroll tax expense

–

Payroll tax payable – employee

–

Payroll tax payable – employer

–

Prepaid advertising

24,000.00

Rent expense

130,000.00

Retained earnings (beginning
of year)

300,000.00

Salaries expense

168,000.00

Salaries payable

–

Sales

1,075,000.00

Short-term investments

100,000.00

Short-term notes payable

25,000.00

Supplies

3,000.00

Supplies expense

–

Unearned Revenue

12,000.00

“