The following unadjusted trial balance is available
The following unadjusted trial balance is available for Si’s Knitting Service Ltd.: Si’s Knitting Service Ltd Unadjusted Trial Balance 30th June, 2015 Cash 54,680 Accounts Receivable 193,000 Prepaid Insurance 36,000 Buildings 80,000 Accumulated Depreciation – Buildings 43,200 Machinery 480,000 Accumulated Depreciation – Machinery 225,000 Land 400,000 Accounts Payable 65,760 Notes Payable 100,000 Interest Payable 9,000 Customer deposits 12,000 Bank Loan 110,000 Ordinary Shares 460,000 Retained Earnings 80,940 Revenue 576,340 Cost of goods sold 245,000 Utilities expense 14,660 Maintenance expense 48,300 …
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