Account Title: Cash Accounts Receivable Accounts Payable Common Stock Retained earnings Service revenue Operating Expenses Dividends Total Debit Credit 14,500 4,250 3,800 8,600 4,700 9,450 7,100 700 26,55 26,550 What is the total amount of assets that will be reported on the balance sheet prepared as of December 31, Year 1? Multiple Choice $26.550 $18.750 0 $4,500 $28,200 The following is a random list of the adjusted account balances of Wyoming Company as of the end of the current accounting period: Cash Accounts Payable Land Operating Expenses 18,400 Accounts Receivable 5,100 Service Revenue 25,400 Retained Earnings 12,800 | Common Stock 6,109 18,600 17,600 21,400 What is the total of the credit account balances that will be shown on the adjusted trial balance? Multiple Choice $61,700 O $63,700 O $62,700 O $44.100 Sed Hei Seim Kincaid Company provided consulting services of $4,000 to a customer who paid $1.900 and promised to pay the remainder next month Which of the following journal entries conectly records to transaction Multiple Choice 1,000 2.100 Cash Accounts receivable Consulting Reverwe ACCOS Payable 2.1 1,900 2.1 Accounts Receivable cas Consulting Revenue 1,90 Cash Consulting Revenge 1. cash ACCOU Payable Cover 4. Chestnut, Inc reported the following balances on its balance sheet at December 31, Yeart Total assets Total liabilities Common Stock Retained Earnings Total equity Total liabilities and equity $254,000 $ 81,000 $89,000 84,000 173,000 $254,000 On January 1. Year 2. Chestnut purchased equipment for $52.000 on account. What is the company's debt-to-assets ratio immediately after the purchase of the equipment? Multiple Choice 032 0.43 O 0.40 O 0.41 c C DELL Manhattan Company recorded an adjusting entry to accrue interest owed of $1,050 as of December 31 Year When the related note was paid during Year 2 the company pad 1950 interest Which of the foowing journal entres correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry) Multiple Choice Interest expense Cash 1.90 Interest expense C Interest payable Interest Cash interest Expense cas 1