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Gibson Company's adjusted balances at December 31, 2015 listed alphabetically) were: Accounts Payable Equipment Office Expenses Service Revenue 63,800 324.040 631,250 2,560,200 Accounts Receivable Income
Gibson Company's adjusted balances at December 31, 2015 listed alphabetically) were: Accounts Payable Equipment Office Expenses Service Revenue 63,800 324.040 631,250 2,560,200 Accounts Receivable Income Tax Expense Prepaid Rent Supplies 225,000 10,200 12,400 Accumulated Depreciation- Equipment Income Tax Payable Rent Expense Supplies Expense I 18,300 | 2,190 149,600 42,630 Interest Expense Retained Earnings Unearned Revenue Cash 151,000 16,800 32.500 Salaries and Wages Expense Common Stock Land Utilities Expense 226,000 55.000 1.610.000 25,170 Notes Payable (long- Depreciation Expense term) 164,000 Gibson prepared, but did not yet post. additional adjusting journal entries (AJES) for $3,200 of depreciation and $26,200 of income taxes. Required: 1. Prepare an adjusted trial balance listing the accounts in proper order at December 31, 2015 taking the additional adjusting journal entries into account. Solve for the "?" in Retained Earnings. Required: 1. Prepare an adjusted trial balance listing the accounts in proper order at December 31, 2015 taking the additional adjusting journal entries into account. Solve for the?" in Retained Earings. GIBSON CONSULTANTS, INC. Adjusted Trial Balance Account Titles Debit Credit Totals $ 0 $ 0 2. Does the Retained Earings balance determined in requirement 1 represent the balance at December 31, 2015, or December 31, 2014? December 31, 2015 December 31, 2014
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