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  3. huang companys reporting year-end is december 31.

Huang Companys reporting year-end is December 31. Below are the unadjusted and adjusted trial balances...

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Accounting

Huang Companys reporting year-end is December 31. Below are the unadjusted and adjusted trial balances for December 31, 2024. Account Title Unadjusted Adjusted Debits Credits Debits Credits Cash $ 50,000 $ 50,000 Accounts receivable 35,000 35,000 Prepaid rent 2,000 1,200 Supplies 1,500 800 Inventory 60,000 60,000 Notes receivable 30,000 30,000 Interest receivable 0 1,500 Office equipment 45,000 45,000 Accumulated depreciation $ 15,000 $ 21,500 Accounts payable 34,000 34,000 Salaries payable 0 6,200 Notes payable 50,000 50,000 Interest payable 0 2,500 Deferred rent revenue 2,000 0 Common stock 46,000 46,000 Retained earnings 20,000 20,000 Sales revenue 244,000 244,000 Rent revenue 4,000

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