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I need help with 28-31 Use the following to answer questions 28 - 35 TR Corporation has provided their trial balance at the end of
I need help with 28-31
Use the following to answer questions 28 - 35 TR Corporation has provided their trial balance at the end of January. Credits Debits $50,000 65,000 1,000 3,500 985,000 $12,000 35,000 4,500 19,000 250,000 500,000 Cash Accounts receivable Supplies Prepaid expenses | Buildings/Equipment, net Accounts payable Income tax payable Utilities payable Deferred revenue Notes payable Common stock Retained Earnings Dividends Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense Totals 250,000 95,800 689,000 325,000 12,000 150,000 5,000 35,000 18,000 14,200 $1.759.500 $1.759.500 Based on the data provided in the trial balance find the following: 28. $ _Determine Total expenses. 29. $ Determine Net income 30. $ _Determine Beginning Retained Earnings 31. $ _Determine Ending Retained EarningsStep by Step Solution
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