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accounting question The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 20Y9 Adjusted Trial Balance Account Title Dr. Cr. Cash $17,050 Accounts Rec

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accounting question

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The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 20Y9 Adjusted Trial Balance Account Title Dr. Cr. Cash $17,050 Accounts Rec 37,120 Supplies 5,800 Insurance 12,530 Land 132,000 Buildings 475,000 Accumulated Depreciation-Buildings 154,500 Equipment 343,000 Accumulated Depreciation-Equipment 201,300 Accounts Payable 43,910 Salaries Payable 4,350 Unearned Rent 1,970 Common Stock 198,000 Retained Earnings 366,360 Dividends 32,900 Service Fees 626,110 Rent Revenue 6,610 Salaries Expense 448,860 Depreciation Expense-Equipment 24,400 Rent Expense 20,400 Supplies Expense 14,440 Utilities Expense 13,050 n. .:I J:.. --Accounts Receivable 37 , 120 Supplies 5,800 Prepaid Insurance 12,530 Land 132,000 Buildings 475,000 Accumulated Depreciation-Buildings 154,500 Equipment 343,000 Accumulated Depreciation-Equipment 201,300 Accounts Payable 43,910 Salaries Payable 4,350 Unearned Rent 1,970 Common Stock 198,000 Retained Earnings 366,360 Dividends 32,900 Service Fees 626,110 Rent Revenue 6,610 Salaries Expense 448,860 Depreciation Expense-Equipment 24,400 Rent Expense 20,400 Supplies Expense 14,440 Utilities Expense 13,050 Depreciation Expense-Buildings 8,700 Repairs Expense 7,190 Insurance Expense 3,940 Miscellaneous Expense 5,730 1,603,110 1,603,110 Danuirad:\fPrepare a statement of stockholders' equity. During the year, no addltlunal Common stock was Issued. If an amount box does not requlre an entry, leave it blank. If a Net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Prepare a balance sheet. Assets Liabilities Current assets: Current liabilit 1 Total liabilities Total current assets Property, plant, and equipment: Stockholders' A Total property, plant, and equipment Total stockhold Total assets $ Total liabilities 2. Journalize the entries that were required to close the accounts at October 31. If an amount box does not require an entry, leave it blank. Date Account Debit Credit2. Journalize the entries that were required to close the accounts at October 31. If an amount box does not require an entry, leave it blank. Date Account Debit Credit 20Y9 Oct. 31 20Y9 Oct. 31 3. If the balance of Retained earnings had instead increased $46,100 after the closing entries were posted, and the dividends remained the same, what would have been the amount of Net income or Net loss? Enter all amounts as positive numbers. $

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