Nash Company has the following adjusted accounts and balances at year-end (June 30): Interest expense Interest income Inventories Accounts payable Accounts receivable Accrued expenses payable Accumulated depreciation Additional paid-in capital Buildings and equipment Cash $50 550 70 130 184 1,480 355 46 Land Long-term debt Prepaid expenses Rent expense Common stock Cost of sales Depreciation expense Income taxes expense Income taxes payable Prepare an adjusted trial balance for the Nash Company at June 30. 798 200 225 50 Retained earnings Salaries expense Sales revenue Unearned fees $75 25 880 400 1,430 70 590 1,955 740 2,350 65

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business…