Hi, I was hoping I could get some help with this question. Can Do, Inc. sells a

Question

Hi,

I was hoping I could get some help with this question.

Can Do, Inc. sells a multi-use cleaning tool. The trial balance as of January 1, 2016 is shown below Can Do, Inc. Trial Balance January 1, 2016 Account 12,000 28,000 1,480 20,550 2,400 22,500 2,250 Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid Rent Equipment Accumulated depreciation Accounts payable Sales tax payable FICA tax payable Withheld income tax payable Unemployment tax payable Salaries payable Unearned revenue Interest payable Income tax payable Dividend payable Notes payable long-term Common stock Additional paid-in capital Retained earnings Treasury stock Sales Cost of goods sold Salaries expense Payroll tax expense Rent expense Bad debt expense Depreciation expense Interest expense Income tax expense 500 490 480 300 1,238 2,000 270 18,000 10,000 20,000 30,442 2,000 Note: although a accounts are shown with a positive balance, they have the normal debit or credit balance that accounts in their account type have (e.g. assets have a debit balance, liabilities have a credit balance)

Explanation / Answer

Hi <

Here the provided question is not correct. kindly provide us correct trial balance. This can helps us to provide better answer.

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