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After five years of operations, Svenson's Tutoring Clinic showed the following post-closing balances at December 31, 2019. Accounts Receivable 5,700 Prepaid Rent 2,900 Office
After five years of operations, Svenson's Tutoring Clinic showed the following post-closing balances at December 31, 2019. Accounts Receivable 5,700 Prepaid Rent 2,900 Office Equipment 35,000 Leda Svenson Unearned Revenue Leda Svenson Capital Withdrawals 25,000 4,700 18,200 0 3 Cash 4,300 9 10 11 Accumulated Depreciation, Office Equipment 12 13 14 15 Tutoring Revenue 16 17 18 Required: 19 20 21 0 Rent Expense 0 Depreciation Expense Advertising Expense 0 0 22 23 1 Preparation Component: Journalize and post to T accounts the following transactions that occurred during 2020. a. On Jan 7, provided $ 14,000 of tutoring services on account. b. On Feb 13, paid $2,750 for advertising that appeared in today's newspaper. d. On Dec 13, the owner withdrew $2,500 cash for personal use. 24 25 c. On July 15, collected $ 13,010 from credit customers. 26 27 28 2 Prepare an unadjusted trial balance as at December 31, 2020. 29
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