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1) The trial balance will balance at what amount? 2) What was the net income for the period? 3) What were the total assets at
1) The trial balance will balance at what amount? 2) What was the net income for the period? 3) What were the total assets at December 31? 4) What were the total liabilities at December 31? 5) What amount will appear as owners equity on a balance sheet at12/31? Here are the accounts of Realslow Typing Service at December 31, 2002. They are in random order and all have normal balances. Accounts Recelvable Cash Typing Revenue Unearned Revenue Rent Expense Realslow, Drawing Salary Expense Prepaid Insurance Utilities Expense Accounts Payable Realslow, Capital Supplies $4,700 11,230 56,400 1,400 14,000 20,000 12,200 2,500 3,600 2,300 8,730 600 Using the information above, answer the following
1) The trial balance will balance at what amount?
2) What was the net income for the period?
3) What were the total assets at December 31?
4) What were the total liabilities at December 31?
5) What amount will appear as owners equity on a balance sheet at12/31?
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