Wilderness Guide Services, Inc.
Adjusted Trial Balance
December 31,2015
Cash $12,200
Accounts receivable 31,000
Camping supplies 7,900
Unexpired insurance policies 2,400
Equipment 70,000
Accumulated depreciation: Equipment $60,000
Notes payable ( due 4/1/16) $18,000
Accounts payable $9,500
Capital Stock $25,000
Retained earnings $15,000
Dividends 1,000
Guide revenue earned 102,000
Salary Expense 87,500
Camping supply expense 1,200
Insurance expense 9,600
Depreciation Expense: Equipment 5,000
Interest expense 1,700
$229,500 $229,500
Prepare all necessary closing entries at December 31, 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
