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Acct 201 Johnson and Johnson company prepares a monthly financial statement. The adjusted trial balance at June 30 as shown below. The adjusted trial balance
Acct 201 Johnson and Johnson company prepares a monthly financial statement. The adjusted trial balance at June 30 as shown below. The adjusted trial balance amounts at June 30 are shown below. Debit Credit Cash R$ 5,190 Accumulated Depreciation equipment 700 Accounts Receivable 480 720 10 4,000 920 I 790 1d 12,000 300 1 500 Prepaid Rent Notes Payable Supplies Accounts Payable Equipment Salaries and Wages Payable Dividends Interest Payable Salaries and Wages Expense Unearned Rent Revenue Rent Expense Share Capital - Ordinary Depreciation Expense 40 7,400 400 1 1 1,200 11,200 700 11,360 Service Revenue 160 Supplies Expense 900 Rent Revenue Prepaid Rent 720 Notes Payable 4,000 920 790 12,000 300 500 40 7,400 1 400 Supplies Accounts Payable Equipment Salaries and Wages Payable Dividends Interest Payable Salaries and Wages Expense Unearned Rent Revenue Rent Expense Share Capital - Ordinary Depreciation Expense Service Revenue Supplies Expense Rent Revenue Utilities Expense Interest Expense 1,200 11,200 700 11,360 160 900 380 40 R$29690 R$29.690 (a) Determine the net income for the month June 2017 (b) Determine the total assets and total liabilities at June 30, 2017, for Johnson and Johnson. (c) Determine the amount that appears for Retained Earnings at June 30, 2017
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