JAMES ISLAND CLOTHING COMPANY Adjusted Trial Balance 12/31/18 ...

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JAMES ISLAND CLOTHING COMPANY
Adjusted Trial Balance
12/31/18

Account Title	Balance
	Debit	Credit
Cash	$ 95,700
Accounts Receivable	12,000
Inventory	4,400
Office Equipment	26,000
Truck	18,000
Accumulated DepreciationPlant Assets		$ 6,000
Accounts Payable		5,500
Note PayableShort Term		10,000
Note PayableLong Term		33,000
Common Stock		100,000
Retained Earnings
Dividends	1,000
Sales Revenue		15,000
Cost of Goods Sold	3,600
Rent Expense	2,000
Advertising Expense	800
Depreciation Expense	6,000
	$ 169,500	$ 169,500


Transaction data for 2018
Cash paid for purchase of office equipment	$ 6,000
Cash paid for purchase of truck	5,000
Acquisition of plant assets with a long-term notes payable	33,000
Cash payment of dividends	1,000
Cash receipt from issuance of common stock	100,000

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