TimmyL Baseball Card Co. buys and sells baseball cards of a
famous (ex) San Francisco Giants baseball player. The company was
formed in 2015. The post-closing trial balance of that company for
the end of operations in that first year is:
TimmyL Baseball Card Co.
Trial Balance
December 31, 2015
Account
Debit
Credit
Cash
$250,000
Accounts
Receivable
80,000
Allowance for Bad
Debts
$ 8,000
Inventory
600,000
Supplies
10,000
Prepaid
Advertising
9,000
Land
200,000
Building
500,000
Accumulated
Depreciation-B. ...