Question

Macro Company has the following adjusted accounts and balances at June 30: Accounts Payable $ 300 Accounts Receivable 550 Accumulated Amortization 150 Accumulated Depreciation 250 Cash 1,020 Common Stock 300 Deferred Revenue 100 Depreciation Expense 110 Equipment 1,400 Income Tax Expense 110 Income Tax Payable 30 Interest Expense 180 Interest Revenue 50 Notes Payable (long-term) 1,300 Office Expenses 820 Prepaid Rent 40 Rent Expense 400 Retained Earnings 120 Salaries and Wages Expense 660 Sales Revenue 3,600 Software 200 Supplies 710 Prepare an adjusted trial balance for Macro company at June 30.

Answer 1

MACRO COMPANY
ADJUSTED TRIAL BALANCE
AT JUNE 30 ,
ACCOUNT TITLES	DEBIT	CREDIT
cash	$ 1,020
accounts receivable	$ 550
Supplies	$ 710
prepaid expenses	$ 40
equipment	$ 1,400
accumulated depreciation		$ 250
Software	$ 200
Accumulated Amortization		$ 150
accounts payable		$ 300
income tax payable		$ 30
Deferred revenue		$ 100
long term debt		$ 1,300
common stock		$ 300
retained earnings		$ 120
sales revenue		$ 3,600
interest revenue		$ 50
salaries and wages expense	$ 660
Rent expense	$ 400
office expense	$ 820
Depreciation expenses	$ 110
interest expense	$ 180
income tax expenses	$ 110
TOTAL	$ 6,200	$ 6,200