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Following is the adjusted trial balance of Rey Corporation on December 31, 2020: Rey Corporation Trial Balance December 31, 2020 Accounts Dr Cr Cash 9,750
Following is the adjusted trial balance of Rey Corporation on December 31, 2020: Rey Corporation Trial Balance December 31, 2020 Accounts Dr Cr Cash 9,750 Accounts Receivable 6,800 Supplies 1,800 Prepaid Insurance 800 Equipment 24,000 Accumulated Depr.-Equipment 4,000 Buildings 75,000 Accumulated Depr.-Buildings 44,000 Land 15,000 Accounts Payable 7,900 Notes Payable (90 day) 1,000 Salaries Payable 1,400 Interest Payable 850 Unearned Delivery Revenue 2,100 Notes Payable (25 year) 18,000 Common Stock 20,000 35.300 Common Stock 20,000 Retained Earnings 25,200 Dividends Declared 12,000 Packaging Revenue 88,300 Delivery Revenue 72,400 Salaries Expense 58,000 Advertising Expense 14,300 Interest Expense 1,900 Supplies Expense 13,500 Insurance Expense 12,600 Depreciation Expense 15,000 Utilities Expense 24,700 Totals 285,150 285,150 Required: . Compute the following amounts: 1. Total Revenue 2. Total Expense 3. Net Income 4. Total Retained Earnings 5. Total Current Assets 6. Total Property, Plant and Equipment Assets 7. Total Assets 8. Total Current Liabilities 9. Total Long-Term Liabilities 10. Total Liabilities 11. Total Stockholders' Equity 12. Total Liabilities and Stockholders' Equity Prepare the required closing entries in the attached general journal. You will upload your saved journal in Question 6 1. Exam 1 Workpapers-Question 5 Journal.pdf 2. Exam 1 Workpapers-Question 5 Journal.xlsx Post your closing entries to the attached T-accounts. You will upload your saved T-accounts in Question 7. 1. Exam 1 Worksheet-Question 5 T-accounts.pdf 2. Exam 1 Workpapers-Question 5 T-accounts.xlsx On the post-closing trial balance, the total debit amount would be On the post-closing trial balance, the total credit amount would be
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