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Bike World Inc, wholesales a line of custom road bikes. Bike World's inventory, as of November 30, 2014, consisted of 22 mountain bikes costing $1,650 each. Bike World's trial balance as of November 30 appears as follows:

List of Debits:

Cash: $9,150

Accounts Receivable: $12,300

Inventory: $36,300

Supplies: $900

Office Equipment: $18,000

Dividends: $4,250

Sales Returns and Allowances: $1,700

Sales Discounts: $1,275

Cost of goods sold: $78,900

Sales Commissions Expense: $11,300

Office Salaries Expense: $7,425

Office Rent Expense: $5,500

Shipping Expense: $3,200

List of Credits

Accumulated Depreciation, office equipment: $3,000

Accounts Payable $1,325

Note Payable, Long-term: $5,000

Common Stock: $8,500

Retained Earnings: $21,425

Sales Revenue: $150,950

Total for debit both equal to $190,200

During the month of December 2014 Bike World, Inc, had the following transactions:

Dec 4 Purchased 10 bikes for $1 ,575 each from

Truspoke Bicycle, Co., on account. Terms, 2/15, n/45, FOB destination.

6 Sold 14 bikes for $2,100 each on account to Allsport, Inc. Terms, 3/10, n/30, FOB destination.

8 Paid $375 freight charges to deliver goods to Allsport, Inc.

10 Received $7,200 from Cyclemart as payment on a November 17 sale. Terms were n/30.

12 Purchased $450 of supplies on account from Office Express.

Terms, 2/10, n/30, FOB destination.

14 Received payment in full from Allsport, Inc., for the Dec 6 sale. 16 Purchased 15 bikes for $1,600 each from Truspoke

Bicycle, Co., on account. Terms, 2/15, n/45, FOB destination. 18 Paid Truspoke Bicycle, Co., the amount due from the December 4 purchase in full.

19 Sold 18 bikes for $2,125 each on account to

Columbia Cycle, Inc. Terms, 2/15, n/45, FOB shipping point. 2.0 Paid tor the supplies purcnaseo on December 12.

22 Paid sales commissions, $1,850.

30 Paid current month's rent, $500.

Requirements

Prepare an unadjusted trial balance as of December 31, 2014.

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