Debit Credit
Cash 287,567$
Accounts Receivable 27,402
Inventory 31,851
Prepaid Expenses 1,474
Building 250,000
Computers & Software 1,500
Furniture & Fixtures 5,000
Land 60,000
Machinery & Equipment -
Accumulated Depreciation 7,710
Accounts Payable 13,332
Payroll Tax Payable 900
Sales Tax Payable 1,507
Unearned Revenue -
Line of Credit 325,000
Notes Payable -
Peters, J., Capital 1,000
Peters, M., Capital 1,000
Retained Earnings 137,947
Material & Supplies Sales 304,284
Small Tool Sales 23,513
Cabinate Sales -
Tool Rental Revenue 8,700
Vendor Compensation Revenue 589
COGS: Material & Supplies 97,371
COGS: Small Tools 16,292
COGS: Wages 18,027
Depreciation Expense 7,710
Insurance Expense 4,034
Office Supplies Expense 1,765
Payroll Tax Expense 2,704
Postage Expense 268
Interest Expense 6,750
Small Tool Expense 5,767
825,482$ 825,482$
WALNUT GROVE
TRIAL BALANCE
For the Year Ended December 31, 2017
2017
2018
2017
2018
Revenues
Material & Supplies Sales
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#######
#####
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Small Tool Sales
23,513
24,924
6.98%
7.11%
Tool Rental Revenue
8,700
5,460
2.58%
1.56%
Vendor Compensation Revenu
589
595
0.17%
0.17%
Total Revenue
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#######
#####
#####
Cost of Goods Sold
COGS: Material & Supplies
97,371
100,954
#####
