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$ 14,000 45,500 13,000 161,000 34,000 Cash Accounts receivable.. . . Accumulated depreciation-- Depreciation expense- building 12,000 building Salary payable . Unearned service revenue.. 7,500
$ 14,000 45,500 13,000 161,000 34,000 Cash Accounts receivable.. . . Accumulated depreciation-- Depreciation expense- building 12,000 building Salary payable . Unearned service revenue.. 7,500 2,400 Adjusting data at the end of the year include the following a. Unearned service revenue that has been earned, $1,530 b. Accrued service revenue, $32,200 c. Supplies used in operations, $3,000 d. Accrued salary expense, $3,400 e. Prepaid insurance expired, $1,000 f. Depreciation expense-building, $2,000 Megan Wilson, the principal stockholder, has received an offer to sell Armand Digital Services Company. She needs to know the following information within one hour: a. Net income for the year covered by these data b. Total assets c. Total liabilities d. Total stockholders' equity e. Proof that Total assets- Total liabilities + Total stockholders' equity after all items are updated The following selected account balances, before adjustments, for Armand Digital Services Company are available. Additional information regarding year-end adjustments is also provided below. EEB (Click the icon to view the selected accounts and balances.) Click the icon to view the adjustment data and additional information.) Complete the proof that Total assets Total liabilitiesTotal stockholders' equity. after all adjustments have been made Total assetsabilities + Total stockholders' equity
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