Please do not give solution in image format thanku The following accounts and account balances are available for Badger Auto Parts at December 31, 2019:Accounts PayableAccounts ReceivableAccumulated Depreciation (Furniture)Advertising ExpenseCashCommon StockCost of Goods SoldDepreciation Expense (Furniture)FurnitureIncome Taxes ExpenseAccountAccounts PayableAccounts ReceivableCommon StockFurniturePrepare a trial balance. Assume that all accounts have normal balances. If an amount box does not require an entry, leave itblank.Cost of Goods SoldDepreciation Expense (Furniture)CashBadger Auto PartsInventoryTrial BalanceDecember 31, 2019Interest ExpenseIncome Taxes Expense$ 8,50040,80047,30029,2003,200100,000184,30010,400128,0003,800Income Taxes PayableInterest ExpenseInterest PayableInventoryNotes Payable (Long-Term)Prepaid RentRetained Earnings, 12/31/2018Sales RevenueUtilities ExpenseDebitQ0000⁰⁰000| DDDDDDDDDD$3,6006,6501,80060,50050,00015,25015,900264,7009,700

Trial Balance for a period is prepared as a base for preparing the financial statement for that…

The following accounts and account balances are available for Badger Auto Parts at December 31, 2019: Accounts Payable Accounts Receivable Accumulated Depreciation (Furniture) Advertising Expense Cash Common Stock Cost of Goods Sold Depreciation Expense (Furniture) Furniture Income Taxas Expense $ 8,500 40,800 47,300 29,200 3,200 100,000 184,300 10,400 128,000 3,800 Income Taxes Payable Interest Expense Interest Payable Inventory Notes Payable (Long-Term) Prepaid Rent Retained Earnings, 12/31/2018 Sales Revenue Utilities Expense $3,600 6,650 1,800 60,500 50,000 15,250 15,900 264,700 9,700

The following accounts and account balances are available for Badger Auto Parts at December 31, 2019: Accounts Payable Accounts Receivable Accumulated Depreciation (Furniture) Advertising Expense Cash Common Stock Cost of Goods Sold Depreciation Expense (Furniture) Furniture Income Taxas Expense $ 8,500 40,800 47,300 29,200 3,200 100,000 184,300 10,400 128,000 3,800 Income Taxes Payable Interest Expense Interest Payable Inventory Notes Payable (Long-Term) Prepaid Rent Retained Earnings, 12/31/2018 Sales Revenue Utilities Expense $3,600 6,650 1,800 60,500 50,000 15,250 15,900 264,700 9,700

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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