Below is a random list of account balances as at 30 June 2016, the end of the business' first year of operations. Prepare a trial balance in the correct order) on paper and then answer the following questions. The owner, Michael Mower, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use. Accounts 25000 Receivable Accounts payable 3500 Salary 4500 Expense Repairs Expense 800 Truck 8500 Equipment 6300 Notes 8200 Payable Cash 6800 Supplies 1600 Expense Fuel 800 Expenses Service 22800 Revenue Salary 2200 Payable Refer to the Trial Balance that you have prepared. The profit or loss for the year was: Select one: O a. $7,700 b. $15,100 C. $12,800 d. $5,900 Refer to the Trial Balance that you have prepared. Total assets are: Question 15 Not yet answered Select one: a. $46,600 Marked out of 2.00 Flag b. $31,600 c. $32,700 d. $36,200 question Refer to the Trial Balance that you have prepared and using your knowledge of the expanded accounting equation, calculate and select ending Owners equity at 30 June 2016: Question 16 Not yet answered Marked out of 2.00 Select one: a. $23,900 b. $32,700 c. $22,600 d. $18,700 Flag question Question 17 Not yet answered Refer to the Trial Balance that you have prepared and use your knowledge of the expanded accounting equation. The Statement of Changes in Equity would show an ending balance of: Marked out of 2.00 Select one: a. $32,700 b. $32,600 c. $3,900 d. $36,600 Flag question Question 18 Refer to the Trial Balance that you have prepared. Total liabilities are: Not yet answered Marked out of 2.00 Select one: a. $12,800 b. $20,600 c. $22,600 d. $13,900 Flag question Question 20 Refer to the Trial Balance that you have prepared. Total current assets are: Not yet answered Marked out of 2.00 Select one: a. $9,300 b. $38,100 Flag c. $31,800 d. $46,600 question Refer to the Trial Balance that you have prepared. the 8th account is: Question 21 Not yet answered Marked out of 2.00 Select one: a. Salary Expense b. Cash c. Service Revenue d. Michael Mower, Capital Flag question Question 22 Refer to the Trial Balance that you have prepared. The Dr and Cr totals are: Not yet answered Marked out of 2.00 Select one: a. Dr 53,900 and Cr 53,900 b. Dr 54,300 and Cr 36,700 c. Dr 53,900 and Cr 59,300 d. Dr 59,300 and Cr 59,300 F Flag question Question 23 Refer to the Trial Balance that you have prepared. The 10th account is: Not yet answered Marked out of 2.00 Select one: a. Service Revenue b. Supplies Expenes c. Notes Payable d. Fuel Expenses Flag question Based on the following transactions that occurred during 2015, prepare T accounts for: Cash at Bank, Accounts Receivable, Supplies, Equipment, Accounts Payable, Captial, Revenue, Expenses. a) T Nerb invested $20,000 cash in the business. b) Purchased $1,000 of supplies on account. c) Performed $20,000 of services on account. d) Performed $5,000 of services for cash. e) Bought equipment on account, $10,000. f) Paid $4,000 on equipment purchased in transaction e. g) Paid salaries to employees for the current period, $3,000 Match the account with the closing balance. Expenses Choose... Revenue Choose... Supplies Choose... Capital Choose... Equipment Choose... Accounts Receivable Choose... Cash at Bank Choose... Accounts Payable Choose