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ar end USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (3) QUESTIONS: The records of a company show the following account balances as of December
ar end USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (3) QUESTIONS: The records of a company show the following account balances as of December 31, 2017 except where e do indicated otherwise This is question 2 Note Payable (due Nov 1, '22)5,000 Retained Earnings (Jan. 1,2017) 3,900 Revenues 55,600Supplies 700 6,600 Cash Supplies Expense Insurance Expense Depreciation Expense Common Stock (Jan. 1, 2017) 4,900 1,200 6,900 9,500 1 ,600 2,000 8,000 500 HE NE 800 Prepaid Advertising lance 100 Rent Expense 8,000 1,500 Accounts Payable 5,000 27,000Inventory Accounts Receivable ning Unearned Revenues Equipment Cost of goods sold Allowance for Doubtful Accounts Accumulated Depreciation isin 600 Discount on Note Payable ceiva able The owner of the company made an additional investment of $2,000 in the business during the year in exchange for common stock and dividends of $9,000 were declared and paid. The Unearned Revenues represent a prepayment received from a customer and all services will be completed by November 1,2018
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