Saturday, 15 March 2014

Macro Company has the following adjusted accounts and balances at year-end (June 30, 2010):

Macro Company has the following adjusted accounts and balances at year-end (June 30, 2010):  
     
  Accounts Payable $ 308  
  Accounts Receivable   579  
  Accrued Liabilities   157  
  Accumulated Depreciation   266  
  Administrative Expense   882  
  Buildings and Equipment   1,400  
  Cash   1,030  
  Contributed Capital   270  
  Depreciation Expense   120  
  Income Tax Expense   125  
  Income Tax Payable   34  
  Interest Expense   190  
  Interest Revenue   37  
  Land   170  
  Long-term Debt   1,400  
  Prepaid Expenses   43  
  Salaries Expense   670  
  Sales Revenue   3,670  
  Supplies   796  
  Rent Expense   380  
  Retained Earnings   120  
  Unearned Revenue   123  



Required:
Prepare an adjusted trial balance for Macro Company at June 30, 2010. (Be sure to list the accounts in order of their liquidity. Omit the "$" sign in your response.)
 
MACRO COMPANY
Adjusted Trial Balance
At June 30, 2010
Account Titles Debit Credit
  Cash $  
  Accounts receivable  
  Supplies  
  Prepaid expenses  
  Buildings and equipment  
  Accumulated depreciation   $  
  Land  
  Accounts payable    
  Accrued liabilities    
  Income tax payable    
  Unearned revenue    
  Long-term debt    
  Contributed capital    
  Retained earnings    
  Sales revenue    
  Interest revenue    
  Administrative expense  
  Salaries expense  
  Rent expense  
  Depreciation expense  
  Interest expense  
  Income tax expense  
 

     Totals $ $  
 




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