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Presented below is the December 31 trial balance of Swifty Boutique. ...

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Accounting

Presented below is the December 31 trial balance of Swifty Boutique.

SWIFTY BOUTIQUE TRIAL BALANCE DECEMBER 31

Debit

Credit
Cash $27,100
Accounts Receivable 33,400
Allowance for Doubtful Accounts $749
Inventory, December 31 81,800
Prepaid Insurance 5,480
Equipment 91,000
Accumulated DepreciationEquipment 31,860
Notes Payable 27,330
Common Stock 83,246
Retained Earnings 9,150
Sales Revenue 657,575
Cost of Goods Sold 437,100
Salaries and Wages Expense (sales) 58,900
Advertising Expense 7,570
Salaries and Wages Expense (administrative) 62,880
Supplies Expense 4,680

$809,910

$809,910

Construct T-accounts and enter the balances shown.

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