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School: University of California, Santa Barbara - Course: ECON 3A - Subject: Accounting

WHEN YOU ARE FINISHED, MAKE SURE TO SAVE THE FILE AS YOU FACTS AND THE QUESTIONS: The trial balance of XYZ, Inc. is as of January 1, 2022 below and just after the books were closed DR./ (CR) Cash45,000I. Follow instructions a Accounts receivable185,000 Allowance for doubtful accounts(10,000) Inventory200,000 Prepaid expenses5,000 Fixed assets800,000II. Accumulated depreciation**(500,000) Accounts payable(200,000) Interest payable(3,000) Salaries payable(4,000) Unearned revenue(20,000) Debt*(450,000)Common stock(10,000)Feel free to use the T-accounts bu Retained earnings(38,000) Revenue-ADDITIONAL FACTS Cost of goods sold- Salaries expense-Interest expense- Bad debt expense-** Depreciation expense is $5,000 Depreciation expense- Rent expense-*** The unearned revenue at the - ****All of the prepaid expense

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