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i need the answers of all requierments please write all the answers completely, thanks. Save 1 of 30 completel mework: Assignment 2C : 0 of

image text in transcribedi need the answers of all requierments please write all the answers completely, thanks.
image text in transcribed
image text in transcribed
Save 1 of 30 completel mework: Assignment 2C : 0 of 5 pts 30 (similar to) trial balance of You Sel Inc. at December 31, 2017, does not balance (Click the loon to view the trial balance.) HW Score: 0%, 0 of 25 pts Question Help 0 uirement 1. How much out of balance is the balance Determine the out of balance amount. The roles in the Accounts Receivable account. Add the out-of-balance amount to, or subtract it from Accounts Receivable to determine the et balance of Accounts Receivable der to correct the trial balance, you first need to produce the trial balance using the amounts stated o from Determine the out-of-balance amount. The error lies in the Accounts Receivable account. Add the out-of-balance amou e trial ba i Data Table Cash WIRE 3,600 GIMI 19,000 Accounts receivable 7,100 7.000 34,000 Share capital.. $ Retained earnings Service revenue.az Salary expense ........ Advertsing expense Land. Accounts payable Note payable 8,850 RI 5.700 3,050 4,750 800 Print Done swer. Clear All Requirements 1. 2. How much out of balance is the trial balance? Determine the out-of-balance amount. The error lies in the Accounts Receivable account. Add the out-of-balance amount to, or subtract it from, Accounts Receivable to determine the correct balance of Accounts Receivable. You Sell Inc. also failed to record the following transactions during December: a. Purchased additional land for $59,000 by signing a note payable. b. Earned service revenue on account, $10,000. c. Paid salary expense of $1,400. d. Purchased a TV advertisement for $1,150 on account. This account will be paid during January. Add these amounts to, or subtract them from, the appropriate accounts to properly include the effects of these transactions. Then prepare the corrected trial balance of You Sell Inc. After correcting the accounts, advise the top management of You Sell Inc. on the company's: a. Total assets b. Total liabilities c. Net income or loss 3. Print Done

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