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First question: Presented below is an adjusted trial-balance for Qasem-Company, at December 31,2015. Cash- AR 2700 Accounts payable 10,000 9200 Notes payable 9,000 Prepaid insurance

First question: Presented below is an adjusted trial-balance for Qasem-Company, at December 31,2015. Cash- AR 2700 Accounts payable 10,000 9200 Notes payable 9,000 Prepaid insurance 15,000 Accumulated 14,000 Depreciation Equipment Equipment 25,000 Service revenue 20,000 Depreciation- expense 7,000 Retained earnings 12,000 Dividends 1,500 Unearned service-16,000 revenue Advertising 1,400 expense- Share capital- ordinary 12,000 Rent expense 800 Interest revenue- 5,000 SMW-expense- 33,800 Insurance expense 1,600 98,000 Retained Earnings in the trial balance Retained earnings in the adjusted trial balance 98,000 Retained earnings in the post-closing trial Balanceimage text in transcribed

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