| Trial Balance |
| | Debit | Credit |
| Cash and equivalents | 325,000 |
| Short Term Investments | 165,000 |
| Accounts Receivables | 120,000 |
| Notes receivable | 55,000 |
| Inventories | 85,000 |
| Prepaid expenses | 10,000 |
| Long Term Investments | 120,000 |
| Property, Plan, and Equipment | 950,000 |
| Accumulated Depreciation | | 80,000 |
| Goodwill | 5,000 |
| Accounts Payable | | 175,000 |
| Accrued Interest | | 5,000 |
| Current Materities of LT debt | | 80,000 |
| Accrued salaries and wages | | 12,500 |
| Income taxes payable | | 65,000 |
| Bonds payable | | 450,000 |
| Long-term notes payable | | 105,000 |
| Deferred income taxes | | 5,000 |
| Common stock $1 par | | 400,000 |
| Additional paid-in capital | | 175,000 |
| Retaied Earnings | | 100,000 |
| Sales | | 1,222,750 |
| Sales discounts | 135,000 |
| Sales returns and allowances | 110,000 |
| Other Revenues |
| cost of goods sold | 545,000 |
| sales salaries and commissions | 20,000 |
| travel | 32,000 |
| advertising | 12,000 |
| office supplies expense | 15,000 |
| execuitive salaries | 45,000 |
| office staff salaries | 19,500 |
| depreciation | 8,500 |
| interest expense | 36,000 |
| gain on investments | | 25,000 |
| income tax expense | 87,250 |
| | 2,900,250 | 2,900,250 | - 0 |