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I need help answering the highlighted blank, as that is the only required answer remaining. Thank you! The following trial balance was drawn from the
I need help answering the highlighted blank, as that is the only required answer remaining. Thank you!
The following trial balance was drawn from the records of Adams Company as of October 1 , year 2 . \begin{tabular}{lr} & $7,000 \\ Sales commissions (10\% increase per month) & 1,500 \\ Supplies expense (10\% increase per month) & 2,300 \\ Utilities (fixed) & 1,700 \\ Depreciation on store equipment (fixed) & 34,500 \\ Salary expense (fixed) & 6,100 \\ Rent (fixed) & 1,100 \\ Miscellaneous (fixed) & \end{tabular} Supply the missing information in the following pro forma balance sheet for the fourth quarter of year 2 . The statement is prepared as of December 31, year 2. (Amounts to be deducted should be indicated by a minus sign. Round your answers to the nearest whole dollar.)Step by Step Solution
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