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Duncan, Inc.'s bank statement showed an ending cash balance of $1,681 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $443,

Duncan, Inc.'s bank statement showed an ending cash balance of $1,681 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $443, deposits in transit of $910, NSF check of $141, and interest earned on the bank account of $13, the company's up-to-date ending cash balance equals:$_____

Camrim Inc., experienced the following events in 2018, its first year of operation:

  1. Performed counseling services for $30,800 on account.
  2. On May 1, 2018, paid $6,300 cash to rent office space for the next 12 months..
  3. Adjusted the accounts to reflect the amount of rent used during the year.

Based on these three events, net income is $___________

Below is a partial portion of Jolexs adjusted trial balance.

Cash

10,408

Accounts Payable

5,803

Retained Earnings

2,137

Sales Revenue

13,618

Rent Revenue

2,456

Salaries and Wages Expense

7,393

Depreciation Expense

1,658

Utilities Expense

2,332

When preparing the closing entry, the total debits on the closing entry will equal $____________

At December 31, 2018, you obtained the following data relating to supplies.

Unadjusted balance in Supplies on December 31, 2018 $ 1,667

Unadjusted balance in Supplies Expense on December 31, 2018 4,399

Supplies on hand, counted on December 31, 2018 453

What amount should be reported on the 2018 income statement as Supplies Expense?

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