as of December 31, 2016 are given below: T 6 Notes Payable-short-term Salaries Payable Notes Payable-long-term Accounts Payable Unearned Revenue Interest Payable $1,200 ,000 22,000 3,200 1,000 2,200 The Unearned Revenue is the amount of cash received Interest Payable is due on February 15, 2017. What a sheet? A) $11,400 B) $5,400 the amount of cash received for services to be rendered in January, 2017. The e is due on February 15, 2017. What are the total current liabilities shown on the balance C) $13,600 D) $12,400 7) The following is the adjusted trial balance for Becker Photography. Credit Debit $88,600 29,000 3,500 3,200 130,000 $17,500 77,000 9,000 47,000 5 Accounts Cash Accounts Receivable Prepaid Insurance Office Supplies Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Land Accounts Payable Salaries Payable Unearned Revenue 2 Mortgage Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense 1 Depreciation Expense-Building and Equipment Supplies Expense Insurance Expense Utilities Expense Total 2 25,000 ,000 7,000 103,000 16,000 11,500 25,000 301,000 62,000 6,200 11,000 14,500 18,000 $515,000 $515,000 After the closing entries, what will the final balance in Retained Earnings be? A) $216,800 B) $25,000 C) $27,500 D) $175,800 8) Assets are listed in the order of their A) durability C) dates of purchase on the balance sheet. B) magnitude D) liquidity 9) Patents, copyrights, and trademarks are examples of A) fixed assets C) intangible assets B) long-term investments D) short-term investments 14) Which of the following is a permanent account? A) Salaries Payable B ) Wages Expense C) Utilities Expense D) Service Revenue 15) Which of the following steps must be completed before preparing the adjusted trial balance? A) preparing the post-closing trial balance B) preparation of the financial statements C) preparation of the closing entries D) posting of journal entries to the accounts