Laker Incorporateds fiscal year-end is December 31, 2021. The following is an adjusted trial balance...
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Laker Incorporateds fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Accounts Debit Credit Cash $ 11,200 Supplies 35,000 Prepaid Rent 26,000 Accounts Payable $ 2,200 Notes Payable 22,000 Common Stock 36,000 Retained Earnings 8,200 Dividends 3,200 Service Revenue 54,800 Salaries Expense 19,200 Advertising Expense 12,200 Rent Expense 9,200 Utilities Expense 7,200 Totals $ 123,200 $ 123,200
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