1. Based on the following information, what is the:

- total debit balance amount on the adjusted trial balance

- total stockholders' equity balance on the balance sheet

- total liabilities and stockholders' equity balance on the balance sheet

ANN SIMPSON,DESIGNER Unadjusted Trial Balance November 30, 2018 Account Title Cash Inventory Accounts Receivable Office Supplies Prepaid Insurance Furniture Land Goodwill Accounts Payable Utilities Payable Unearned Revenue Common Stock Dividends Service Revenue Cost of goods sold Salaries Expense Rent Expense Utilities Expense Total Balance Debit Credit $ 23,400 $ 60,000 22,000 5,000 3,000 20,000 24,000 40,000 $ 19,900 600 38,000 100,000 4,000 76,900 25,000 6,000 2,000 1,000 $ 235,400 $ 235,400 Adjusting Entries 1. An inventory of supplies showed $3,000 were used up. 2. The furniture was purchased for $30,000. It has $0 salvage value and a 5 year useful life. One year of depreciation must be recorded. 3. $3,000 of insurance was purchased for 12 months. $1,500 of insurance was used. 4. Performed $20,000 of services that was paid for in advance 5. On last day of the month, performed $9,100 of services for new customer and will be paid next month 6. Happy cleaners provided $9,000 of cleaning services on the last day of the month. This waas a special yearly clean. They will be paid next month. 7. An inventory count revealed there was $4,000 of inventory shrinkage. This was a larger than usual amount of shrinkage. 8. The company estimates bad debt expense to be 1% of credit sales. Assume all sales are made on credit. 9. A company with net assets of $100,000 was purchased for $190,000 one year ago. The current fair value of the company is 180,000. Perform a goodwill impairment test and record an impairment entry if one is needed. 10. The company had a calculated warranty expense of 19,000 on oustanding sales 11. The company sold an additional 10,000 shares at a market price of $15. The par value of the stock is $1. 12. The company purchased 1,000 of its own shares at a market price of $20. Accounts and Explanation Debit Credit Date Adj 1 Adj2 Adj3 Adj4 Adj5 Adj6 Adj7 Adj8 Adj9 Adj 10 Adj 11 Adj12 General Ledger (starting with balances from unadjusted trial balance) Cash Accounts Payable Unadj Bal. 23,400 19,900 Unadj Bal. Bal. 23,400 19,900 Bal. Accounts Receivable Unadj Bal. 22,000 Utilities Payable 600 Unadj Bal. Bal. 22,000 600 Bal. Office Supplies 5,000 Unearned Revenue 38,000 Unadj Bal. Unadj Bal. Bal. 5,000 38,000 Bal. Prepaid Insurance Unadj Bal. 3,000 Common Stock 100,000 Unadj Bal. Bal. 3,000 100,000 Bal. Land 24,000 Dividends 4,000 Unadj Bal. Unadj Bal. Bal. 24,000 Bal. 4,000 Furniture 20,000 Sales or Service Revenue 76,900 Unadj Bal. Unadj Bal. Bal. 20,000 76,900 Bal. Salary Expense 6,000 Utilities Expense 1,000 Undadj Unadj Bal. Bal. 6,000 Bal. 1,000 Supplies Expense Rent Expense 2,000 Unadj Bal. Bal. 0 Bal. 2,000 Depreciation Expense- Furniture Accumulated Depreciation-Furniture Bal. 0 o Bal. Insurance expense Cleaning expense Bal. 0 Bal. 0 Cost of goods sold Unadj Bal. 25,000 Inventory Unadj Bal. 60,000 Bal. 25,000 Bal. 60,000 Bad Debt Expense Unadj Bal. Allowance for Doubtful Accounts 0 Unadj Bal. Bal. 0 o Bal. Goodwill 40,000 Impairment Loss 0 Unadj Bal. Unadj Bal. Bal. 40,000 Bal. 0 Warranty Expense Unadj Bal. 0 Allowance for Warranty Expense 0 Unadj Bal. Bal. 0 o Bal. Treasury Stock 0 Additional Paid in Capital- Common Stock 0 Unadj Bal. Unadj Bal. Bal. 0 0 Bal. Adjusted Trial Balance ANN SIMPSON DESIGNER Adjusted Trial Balance December 31, 2018 Balance Debit Credit Account Title Cash Inventory Accounts Receivable Allowance for Doubtful Accounts Office Supplies Prepaid Insurance Land Furniture Accumulated Depreciation-Furniture Goodwill Accounts Payable Utilities Payable Unearned Revenue Allowance for Warranty Expense Common Stock Additional Paid in Capital-Common Stock Treasury Stock Dividends Sales or Service Revenue Cost of goods sold Utilities Expense Rent Expense Cleaning expense Salary Expense Supplies Expense Depreciation Expense- Furniture Insurance expense Bad debt expense Impairment loss Warranty Expense Total ANN SIMPSON DESIGNER Income Statement Year Ended December 31, 2018 Revenues: Sales or Service Revenue Expenses: Cost of goods sold Utilities Expense Rent Expense Cleaning expense Salary Expense Supplies Expense Depreciation Expense- Furniture Insurance expense Bad debt expense Impairment loss Warranty Expense Total Expenses Net Income ANN SIMPSON DESIGNER Statement of Owner's Equity Year Ended December 31, 2018 Beginning, January 1, 2018 Net income for the year Dividends Ending Balance, December 31, 2018