he following information applies to the questions displayed below.
Jordan Sales Company organized as a corporation on April has completed the accounting cycle for the second year, ended March Jordan also has completed a correct trial balance as follows:
JORDAN SALES COMPANY
Trial Balance
At March
Account Titles
Cash
Accounts receivable
Office supplies inventory
Automobiles company cars
Accumulated depreciation, automobiles
Office equipment
Accumulated depreciation, office equipment
Accounts payable
Income taxes payable
Salaries and commissions payable
Note payable, longterm
Capital stock par $; shares
Paidin capital
Retained earnings on April
Dividends declared and paid during the current year
Sales revenue
Cost of goods sold
Operating expenses detail omitted to conserve time
Depreciation expense on autos and including $ on office equipment
Interest expense
Income tax expense not yet computed
Totals
Debit
$
Credit
$
$
