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Bailey Corporation, prepares the following adjustments required at the end of the month on July 31: Before these adjustments, Bailey had assets of $70,000, Liabilities
Bailey Corporation, prepares the following adjustments required at the end of the month on July 31: Before these adjustments, Bailey had assets of $70,000, Liabilities of $50,000 and Stockholders' equity of $20,000. Here are the adjustments made: a. Received a $518 utility bill for electricity usage in July to be paid in August. b. Owed wages to 3 employees who worked five days at $88 each per day at the end of July. The company will pay employees at the end of the first week of August. c. On July 1, loaned money to an employee who agreed to repay the loan in one year along with $3,000 for one full year of interest. No interest has been recorded yet. After the adjustments, liabilities on 7/31 will be $ Rebecca Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Interest Revenue, $966 Sales Revenue, $28,656 Administrative Expenses, $596 Cost of Goods Sold, $11,213 Delivery (freight-out) Expense, $689 Income Tax Expense, $1,189 Interest Expense, $1,492 General Expenses, $1,311 Sales Discounts, $2,318 Sales Returns and Allowances, $932 Rebecca's operating expenses are $_ At December 31, the unadjusted trial balance of R&M Entertainment reports Unearned Revenue of $2,500 and Service Revenues of $31,328. 28% of the unearned revenue has been earned as of December 31. What is adjusted service revenue? $
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