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answer please 47 1 point Based on the following adjusted trial balance, what net value for the assets would appear on the Balance Sheet? Adjusted
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47 1 point Based on the following adjusted trial balance, what net value for the assets would appear on the Balance Sheet? Adjusted Trial Balance For the Year ended December 31 Cash $ 6,030 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation $ 1,100 Accounts Payable 1.900 Notes Payable 14,200 Bob Steely, Capital 12,940 Bob Steely. Withdrawals 790 Fees Earned 8,750 Wages Expense 2.500 Rent Expense 1,960 Utilities Expense 1775 Depreciation Expense 250 Miscellaneous Expense 85 Totals $28,890 $28,890 0 $21,430 Adjusted Trial Balance For the Year ended December 31 Cash $ 6,030 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation $ 1,100 Accounts Payable 1,900 Notes Payable 4,200 Bob Steely, Capital 12,940 Bob Steely, 1790 Withdrawals Fees Earned 18,750 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 1775 Depreciation Expense 250 Miscellaneous Expense 85 Totals $28,890 $28,890 $21,430 $28,890 $22,530 $21,830 48 1 point Based on the same adjusted trial balance, which of the following will be listed on the Income Statement? Adjusted Trial Balance For the Year ended December 31 Cash $ 6,030 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation $ 1.100 Accounts Payable 1,900 Notes Payable 4,200 Bob Steely, Capital 12,940 Bob Steely, Withdrawals 790 Fees Earned 8,750 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 1775 Depreciation Expense 250 Miscellaneous Expense 85 Totals $28,890 $28,890 Accumulated $ 1,100 Depreciation Accounts Payable 1,900 Notes Payable 4,200 Bob Steely, Capital 12,940 Bob Steely, 1790 Withdrawals Fees Earned 8,750 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 1775 Depreciation Expense 250 Miscellaneous Expense 85 Totals $28,890 $28,890 The total revenues will be $28,890 Total expenses will be $2,500 Total expenses will be $5,570 O The net capital will be $12,150 Step by Step Solution
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