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A. The unadjusted trial balance for Jhet Revibe Mi (JRM) as of December 31, 2021 is presented below Jhet Revibe MI Unadjusted Trial Balance 1,000,000.00
A. The unadjusted trial balance for Jhet Revibe Mi (JRM) as of December 31, 2021 is presented below Jhet Revibe MI Unadjusted Trial Balance 1,000,000.00 Cash Accounts Receivables Supplies Prepaid Rent Prepaid Insurance Land Trade Payables Unearned Revenues Salaries Payables X Capital Revenues Cost of Services Salaries Expense Rent Expense Supplies Expense Insurance Expense The following information were made available as of December 31, 2021: 1. As of year end, unused supplies amounted to 40,000.00 2. JRM's rental contract is good for 10 months is scheduled to end on July 1, 2022. 3. At the start of the year, JRM paid an annual insurance for one of their senior workers. 4. On June 1, 2021, the company entered into a contract with a client to provide support services for 9 months. The client paid upfront. 5. On December 31, 2021, unpaid salaries amounted to 30,000.00 Questions: 1. How much is the total debit balance of the Adjusted Trial Balance of JRM? 2. In the adjusted trial balance of JRM, what is the amount of Salaries expense? 3. After adjustments, how much is the net income/loss of JRM? 250,000.00 90,000.00 50,000.00 30,000.00 650,000.00 250,000.00 450,000.00 1,550,000.00 920,000.00 800,000.00 300,000.00 3,170,000.00 3,170,000.00
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