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2. Okabe Company ended its fiscal year on July 31, 2017. The company's trial balance is shown below. Calculate: a. Net Income or Net Loss

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2. Okabe Company ended its fiscal year on July 31, 2017. The company's trial balance is shown below. Calculate: a. Net Income or Net Loss b. Total Assets c. Total Liabilities d. Ending Owner's Capital OKABE COMPANY Adjusted Trial Balance July 31, 2017 No. Account Titles Debit Credit Cash 101 9,840 8,780 15,900 112 157 158 201 208 301 306 Accounts Receivable Equipment Accumulated Depreciation - Equip Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense 7,400 4,220 1,800 45,200 16,000 400 429 64,000 6,500 8,000 55,700 14,900 726 732 Utilities Expense $ 129,120 $ 129,120

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