\begin{tabular}{|c|c|c|c|} \hline balances 1-1-2020 & Amount (\$) & & \\ \hline cash & 25000 & & \\ \hline account receivable & 11000 & & \\ \hline supplies & 4000 & & \\ \hline equipment (purchased 1-1-2019) & 22000 & & \\ \hline accumelated depreciation & 2000 & & \\ \hline unearned service revenues & 6000 & & \\ \hline note payable ( 12% issued 31122019 for 3 years) & 15000 & & \\ \hline shared capital balance & 34000 & & \\ \hline retained earning & 5000 & & \\ \hline \multicolumn{4}{|l|}{ transactions during 2020} \\ \hline supplies purchased for cash & 1100 & & \\ \hline services performed ( 1/3 of it on account) & 46000 & & \\ \hline salaries expense for cash & 6500 & & \\ \hline rent expenses for cash & 3600 & & \\ \hline utilities expense for cash & 1500 & & \\ \hline additional investment by owners for cash & 9900 & & \\ \hline dividends paid for cash & 2600 & & \\ \hline \multicolumn{4}{|l|}{ information relate to adjusting entries(31-12-2020) } \\ \hline accrued salaries unpaid & 1500 & & \\ \hline supplies on hand 31122020 & 2500 & & \\ \hline \multicolumn{4}{|l|}{2/3 of unearned service revenues become earned } \\ \hline \multicolumn{4}{|l|}{ do not forget adjusting entries for depreciation \& interest } \\ \hline answer the following questions relate to 31122020 : & \multicolumn{3}{|c|}{ answers: } \\ \hline \multicolumn{4}{|l|}{ your student id( ) } \\ \hline \multicolumn{4}{|l|}{\begin{tabular}{|l|l|l|l|} what is the total debit on the trial balance \\ \end{tabular}} \\ \hline \multicolumn{4}{|l|}{ what is the total credit on adjusted trial balance } \\ \hline \multicolumn{4}{|l|}{ what is the total debit on after closing trial balance } \\ \hline \multicolumn{4}{|l|}{ what is the total expenses that will appear in 2020 income statement } \\ \hline \multicolumn{4}{|l|}{ what is the total revenues that will appear in 2020 income statement } \\ \hline \multicolumn{4}{|l|}{ what is the net income for 2020} \\ \hline \multicolumn{4}{|l|}{ what is the book value of equipment } \\ \hline \multicolumn{4}{|l|}{ what is the total assets } \\ \hline \multicolumn{4}{|l|}{ what is the total liabilities } \\ \hline \multicolumn{4}{|l|}{ what is the ending retained earnings } \\ \hline \multicolumn{4}{|l|}{ what is the supplies unused } \\ \hline \multicolumn{4}{|l|}{ what is the supplies used during 2020} \\ \hline \multicolumn{4}{|l|}{ what is the changes in equity during 2020} \\ \hline \multicolumn{4}{|l|}{ what is the balance of income summary on 31/12/2020 before it is closed } \\ \hline what is the beginning retained earnings & & & \\ \hline \end{tabular}