Question
3 11 Part 1 of 3 points Skipped eBook Required information: [The following information applies to the questions displayed below.] Starbooks Corporation provides an
3 11 Part 1 of 3 points Skipped eBook Required information: [The following information applies to the questions displayed below.] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021. Accounts Payable Accounts Receivable Accumulated Depreciation. Cash Common Stock Deferred Revenue Depreciation Expense $ 597 297 897 297 197 197 297 Equipment Income Tax Expense) Interest Revenue 3,197 297 97 References Notes Payable (long-term) 197 Notes Payable (short-term) Prepaid Rent 497 97 Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue 2,19 6,191 397 1,497 Supplies Supplies Expense Travel Expense 497 197 2,597 Required: 1-a. Prepare an adjusted trial balance at September 30, 2021. 1-b. Is the Retained Earnings balance of $1,497 the amount that would be reported on the balance sheet as of September 30, 2021?
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