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December 31, 2021 adjusted trial balance Debit. Credit Cash. $141920 Account receivable 7510580 Inventory....

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Accounting

December 31, 2021 adjusted trial balance
Debit. Credit
Cash. $141920
Account receivable 7510580
Inventory. 2233500
Supplies. 36590
Prepaid rent. 13980
Equipment. 1391000
Accumulate depreciation. $212190
Accounts payable. 3753630
Income tax payable. 111230
Interest payable. 5770
Salaries payable. 134910
Deferred revenue. 88550
Bank loan payable-non current 1154000
Common shares. 567200
Retained earnings. 2414835
Divided declared. $108900
Sales. $21769690
Cost of goods sold. 12467810
Advertising expenses 469380
Depreciation expense 173875
Freight out. 1032750
Office expense. 82370
Rent expenses. 167760
Salaries expenses. 3683510
Travel expense. 47700
Utility expenses. 61660
Interest expenses. 77510
Income tax expense 511210.
Totals. $30212005. $30212005
Prepare a statement of financial position for the year ended december 31

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