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I. Accounts from the unadjusted Test Company's trial balance of 12/31/17 are below: Accounts Payable $ 160,000 Accounts Receivable 130,000 Accumulated Depreciation Equipment 200,000 Advertising

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I. Accounts from the unadjusted Test Company's trial balance of 12/31/17 are below: Accounts Payable $ 160,000 Accounts Receivable 130,000 Accumulated Depreciation Equipment 200,000 Advertising Expense 20,000 Cash 150,000 Common Stock 220,000 Equipment 870,000 Prepaid Insurance 30,000 9. Interest Expense 10,000 10. Inventory 300,000 11. Notes Payable (due 6/1/18) 200,000 12. Notes Payable (due 6/1/22) 300,000 13. Prepaid Rent 240,000 14. Retained Earnings 418,000 15. Salaries and Wages Expense 328,000 16. Sales Revenue 500,000 17. Unearned Sales Revenue 80,000 (All of the above accounts have their standard or normal debit or credit balance.) Part A Indicate for each of the above accounts if they are P (permanent) or T (temporary). Part B. Prepare the unadjusted trial balance on 12/31/17. Put the trial balance into its proper format: Current assets first, then long-term assets, current liabilities, long-term liabilities, equity, revenues then expenses last. the above account Part C. Compute the following from balances: a. Current assets b. Total assets c. Current ratio d. Total debt c. Net Income

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