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Adjusted Irial Balance December 31, 2021 Accounts Cash Accounts Receivable Supplies Debits Credits $ 15,500 24,500 31,500 Prepaid Insurance 6,500 Equipment 562,500 Accumulated Depreciation
Adjusted Irial Balance December 31, 2021 Accounts Cash Accounts Receivable Supplies Debits Credits $ 15,500 24,500 31,500 Prepaid Insurance 6,500 Equipment 562,500 Accumulated Depreciation $ 180,000 Accounts Payable 30,500 Salaries Payable 27,500 Utilities Payable 4,500 Notes Payable (due in 5 years) 150,000 Common Stock 175,000 Retained Earnings 31,500 Dividends 25,500 Service Revenue-new construction Service Revenue-remodeling 425,000 265,000 Salaries Expense 155,000 Supplies Expense 280,000 Depreciation Expense 45,000 Insurance Expense 24,500 Utilities Expense 41,500 Interest Expense 9,000 Service Fee Expense 68,000 Totals $1,289,000 $1,289,000
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