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TrialBalances.xlsx
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Sheet1

BioGoods BioGoods BioGoods
Unadjusted Trial Balance Adjusted Trial Balance Post-Closing Trial Balance
For Year Ended February 2019 For Year Ended February 2019 For Year Ended February 2020
Account Debit Credit Account Debit Credit Account Debit Credit
Cash $3,135,395.00 Cash $3,135,395.00 Cash $3,135,395.00
Petty Cash $5,000.00 Petty Cash $5,000.00 Petty Cash $5,000.00
Raw Bamboo Inventory $1,045.07 Raw Bamboo Inventory $1,045.07 Raw Bamboo Inventory $1,045.07
Equipment-Stamping Press $250,000.00 Equipment-Stamping Press $250,000.00 Equipment-Stamping Press $250,000.00
Equipment- Mulch Machine $110,000.00 Equipment- Mulch Machine $110,000.00 Equipment- Mulch Machine $110,000.00
Supplies $500.00 Supplies $500.00 Supplies $500.00
Finished Inventory- Cups $1,257.17 Finished Inventory- Cups $1,257.17 Finished Inventory- Cups $1,257.17
Prepaid Insurance $24,000.00 Prepaid Insurance $20,000.00 Prepaid Insurance $20,000.00
Prepaid Deposit-Rental $18,750.00 Prepaid Deposit-Rental $18,750.00 Prepaid Deposit-Rental $18,750.00
Sales $251,400.00 Sales $251,400.00 Common Stock $500,000.00
Common Stock $500,000.00 Common Stock $500,000.00 GFM Unearned Sales $578,320.00
GFM Unearned Sales $578,320.00 GFM Unearned Sales $578,320.00 GoFundMe $2,200,000.00
GoFundMe $2,200,000.00 GoFundMe $2,200,000.00 AP- Stamping Press $99,000.00
S&H Fees $8,940.00 S&H Fees $8,940.00 AP- Mulch Machine $88,000.00
AP- Stamping Press $99,000.00 AP- Stamping Press $99,000.00 AD- Stamping Press $4,999.98
AP- Mulch Machine $88,000.00 AP- Mulch Machine $88,000.00 AD- Mulch Machine $3,958.34
Factory Overhead $53.32 AD- Stamping Press $4,999.98 SS Tax Payable $5,152.00
AD- Stamping Press $4,999.98 AD Mulch Machine $3,958.34 Medicare Tax Payable $1,288.00
AD Mulch Machine $3,958.34 Cost of Goods Sold $98,092.08 Employee IT Payable $7,944.00
Cost of Goods Sold $98,038.76 Interest Expense $3,995.00 State Unemploy. Tax Payable $2,031.00
Interest Expense $3,995.00 SS Tax Payable $5,152.00 Federal Unemploy. Tax Payable $225.00
SS Tax Payable $5,152.00 Medicare Tax Payable $1,288.00 Retained Earnings $51,028.92
Medicare Tax Payable $1,288.00 Employee IT Payable $7,944.00
Employee IT Payable $7,944.00 Payroll Tax Expense $5,476.00
Payroll Tax Expense $5,476.00 State Unemploy. Tax Payable $2,031.00
State Unemploy. Tax Payable $2,031.00 Federal Unemploy. Tax Payable $225.00 $3,541,947.24 $3,541,947.24
Federal Unemploy. Tax Payable $225.00 Rent Expense $12,500.00
Rent Expense $12,500.00 GoFundMe Expense $60,000.00
GoFundMe Expense $60,000.00 Website Expense $100.00
Website Expense $100.00 Shipping Expense $25,148.00
Shipping Expense $25,148.00 Insurance Expense $4,000.00
$3,751,258.32 $3,751,258.32 $3,751,258.32 $3,751,258.32