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Cash 5 , 2 0 0 Accounts Receivable 2 7 , 2 0 0 Office Supplies 1 , 0 0 0 Prepaid insurancen 2 ,

Cash 5,200
Accounts Receivable 27,200
Office Supplies 1,000
Prepaid insurancen 2,400
Equipment 52400
Accumulated Depreciation -Equipment 34600
Accounts Payable 16000
Unearned Revenue 7900
Bmcc, Capital 17000
Bmcc, Withdrawals 3100
Service Revenue 17200
Wages Expenses 1600
Utilities Expense 1300
Adjustments entries on December 31,2024
A) Depreciation on equipment $2,100.
B) Accrued wages expenses, $1,300.
C) Office supplies on hand, $600.
D) Prepaid Insurance expired during December $700. E) Unearned revenue earned during December, $4,800. F) Accrued service revenue, $1,300.
Answer the following questions after you posted the above transactions.
1)What isthe balance on cash?
A) $ 5,200.
B) $4,200.
C) $4,300.
D) $4,600.
2)What isthe balance on account receivable?
A) $ 29,300
B) $ 28,500.
C)$ 25,600.
D)23,700.
3)What isthe balance on accounts payable?
A)$ 15,100.
B) $ 15,000.
C) $ 16,000.
D) $ 14,500.
4) What is office supplies expense?
A)$ 400.
B) $ 500.
C)$ 600.
D) $ 550.
5}What iswages expense ?
A}$ 2,700.
B)$ 2,800.
C)$ 2,900.
D) $ 3,600.
6)What iswages liability?
A)$ 1,700.
B)$ 1,100.
C)$ 1,200.
D)$ 1,399.
7) What is the total revenue?
A)$ 25,000.
B)$ 23,300.
C)$ 20,200.
D)$ 22,550.
8} What is unearned balance ?
A) $3,100.
B)$ 4,200.
C)$ 3,600.
D)$ 3,200.
9) What is balance of Prepaid Insurance?
A}S$ 1,900.
B)$ 1,800.
C)$ 1,600.
D)$ 1,700.
10) What isthe balance on the capital account after the books are close?
A) $ 28,000.
B) $ 31,300.
C) $13,300.
D) $ 45,000.
11)What balance should the withdrawn account have after the closing entries have been posted?
A)O
B}15,000.
C})34,000.
D) $17,600.
12) What is the net book value of the equipment?
A) $15,700.
B) $16,700.
C) $17,700.
D) $17,600.
13) What is the total expenses for 12/31/24?
A) $7,200.
B) $ 8,500.
)$1,500.
D) $7,400.
14) What isthe Net income for 12/31/24?
A) $15,700.
B) $16,100.
)$17,700.
D) $15,900.
15) What balance should the temporary accounts have once the books are closed?
A)O
B) $16,700.
C) $17,700.
D} $17,600.

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