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just e) please are the problems: Set A - The usted Prepare and Matements, doing MARINE FISHING CENTRE Adjusted Trial Balance March 31. 2014 balance

image text in transcribedjust e) please
are the problems: Set A - The usted Prepare and Matements, doing MARINE FISHING CENTRE Adjusted Trial Balance March 31. 2014 balance 501.4) Credit $3720 o previous for Swift 30.000 46,00 186.900 $ 31,150 36,200 18.100 5.875 the fol- 900 Cash Interest receivable Supplies Debt investments Land Building Accumulated depreciation --building Equipment Accumulated depreciation equipment Accounts payable Interest payable Unearned revenue Notes payable ($6,000 must be paid in 2015) R. Falkner, capital R. Falkner, drawings Service revenue Interest revenue Depreciation expense Interest expense Insurance expense Salaries expense Supplies expense Utilities expense 2.190 66,000 165,300 46,200 124.300 1,500 9,850 3.960 4.500 30.000 5,700 5,400 $415,405 $415,405 Instructions Calculate profit or loss for the year. (Note: It is not necessary to prepare an income statement b) Prepare a statement of owner's equity. The owner, Rachael Falkner, invested $2,300 cash in the basi ness during the year. (Note: This transaction has been correctly recorded.) (c) Prepare a classified balance sheet. (d) Prepare closing entries in general journal form. e Use T accounts to post the closing entries and calculate the balance in each account. (Ignore the accounts not affected by the closing entries.) ( Prepare a post-closing trial balance and compare the balance in the R. Falkner, Capital account will the information in the statement of owner's equity

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