Gazam corporations adjustedtrial balance at December 31, 20x6 included the following
Cash 26,000
Accountreceivable 50,000
Allowance for doubtfulaccount 5,000
Merchandiseinventory 41,000
Land 50,000
Equipment 96,000
Accumulateddepreciation 16,000
Account payable 115000
Income taxespayable 5,000
Unearnedrent 15,000
Common stock ($10 par 10,000shares) 150,000
Retainedearnings 60,000
Sales 90,000
Interestrevenue 4,000
Cost of goodssold 90,000
Sellingexpense 30,000
Administrativeexpense 40,000
Income taxexpense 12,000
Loss on sale ofequipment 10,000
Dividendsdeclared 15,000
460,000 460,000
Prepare a balance sheet at December31, 20x6, in good form.
