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HW Score: 65.49%. 65.49 of 100 points More Info Advantage Specialties pting the comp pt loss for the Trial Balance December 31, 20X6 total liabilities Cash 12,100 Accounts receivable 48,000 Frid 6,000 225,000 95,000 Prepaid expenses Equipment Building Accounts payable Note payable Share capital he trial balance 105,000 87,500 35,000 Print Done tayo war All More Info alties anc onsid trial Accounts payable 105,000 pting the et loss for 87,500 Note payable Share capital Retained earnings 35,000 Decca w you total liabili 37,000 Dividends 22000 pur fri 244,600 23,000 Service revenue Rent expense Advertising expense Wage expense 5,000 he trial balar 67,000 6,000 Supplies expense Total 509,100 509,100 Print Done Text Payo ar All = Homework: H... Question 3, P2-67B (boo... Part 1 of 4 HW Score: 65.49%, 65.49 of 100 points O Points: 0 of 20 Save The trial balance of Advantage Specialties, Inc. follows. (Click the icon to view the trial balance.) Rebecca Smith, your best friend, is considering investing in Advantage Specialties, Inc. Rebecca seeks your advice in interpreting the company's information. Specifically, she asks how to use this trial balance to compute the company's total assets, total liabilities, and net income or net loss for the year. Requirement 1. Write a short note to answer Rebecca's questions. In your note, state the amounts of Advantage Specialties' total assets, total liabilities, and net income or net loss for the year. Also, show how you computed each amount. est Begin the following note to answer your friend's questions Dear Rebecca, This trial balance lists the of the company, along with their at December 31, 20X6. The trial balance provides the data for computing account numbers accounts journals ledgers Help Me Solve Thi: iet More Help Clear All Check Answer OK MacBook 888 DI DO F IN Rebecca Smith, your best friend, is considering investing in Advantage Specialties, Inc. Rebecca seeks your advice in interpreting the company's Specifically, she asks how to use this trial balance to compute the company's total assets, total liabilities, and net income or net loss for the year. Requirement 1. Write a short note to answer Rebecca's questions. In your note, state the amounts of Advantage Specialties' total assets, total liabilities, and loss for the year. Also, show how you computed each amount Begin the following note to answer your friend's questions: Dear Rebecca This trial balance lists the of the company, along with their at December 31, 20X6. The trial balance provide computing account numbers balances journals Help Me Solve This e Text Pages Get More Help posting references Clear All Chec OK DE 27 O W 0 MacBook Homework: H... Question 3, P2-67B (boo... Part 1 of 4 HW Score: 65.49%, 65.49 of 100 p Points: 0 of 20 ou The trial balance of Advantage Specialties, Inc. follows. (Click the icon to view the trial balance.) Rebecca Smith, your best friend, is considering investing in Advantage Specialties, Inc. Rebecca seeks your advice in interpreting Specifically, she asks how to use this trial balance to compute the company's total assets, total liabilities, and net income or net lose rk Requirement 1. Write a short note to answer Rebecca's questions. In your note, state the amounts of Advantage Specialties' total assets, total IF loss for the year. Also, show how you computed each amount. Test Begin the following note to answer your friend's questions: Dear Rebecca This trial balance lists the of the company, along with their at December 31, 20X6. The trial b computing only net income (loss) only total assets total assets, total liabilities, and net income (loss) Help My vir werrrv.p. IVAN Clear All OK 127 xw HW Score: 65.49%. 65.49 of 100 points More Info Advantage Specialties pting the comp pt loss for the Trial Balance December 31, 20X6 total liabilities Cash 12,100 Accounts receivable 48,000 Frid 6,000 225,000 95,000 Prepaid expenses Equipment Building Accounts payable Note payable Share capital he trial balance 105,000 87,500 35,000 Print Done tayo war All More Info alties anc onsid trial Accounts payable 105,000 pting the et loss for 87,500 Note payable Share capital Retained earnings 35,000 Decca w you total liabili 37,000 Dividends 22000 pur fri 244,600 23,000 Service revenue Rent expense Advertising expense Wage expense 5,000 he trial balar 67,000 6,000 Supplies expense Total 509,100 509,100 Print Done Text Payo ar All = Homework: H... Question 3, P2-67B (boo... Part 1 of 4 HW Score: 65.49%, 65.49 of 100 points O Points: 0 of 20 Save The trial balance of Advantage Specialties, Inc. follows. (Click the icon to view the trial balance.) Rebecca Smith, your best friend, is considering investing in Advantage Specialties, Inc. Rebecca seeks your advice in interpreting the company's information. Specifically, she asks how to use this trial balance to compute the company's total assets, total liabilities, and net income or net loss for the year. Requirement 1. Write a short note to answer Rebecca's questions. In your note, state the amounts of Advantage Specialties' total assets, total liabilities, and net income or net loss for the year. Also, show how you computed each amount. est Begin the following note to answer your friend's questions Dear Rebecca, This trial balance lists the of the company, along with their at December 31, 20X6. The trial balance provides the data for computing account numbers accounts journals ledgers Help Me Solve Thi: iet More Help Clear All Check Answer OK MacBook 888 DI DO F IN Rebecca Smith, your best friend, is considering investing in Advantage Specialties, Inc. Rebecca seeks your advice in interpreting the company's Specifically, she asks how to use this trial balance to compute the company's total assets, total liabilities, and net income or net loss for the year. Requirement 1. Write a short note to answer Rebecca's questions. In your note, state the amounts of Advantage Specialties' total assets, total liabilities, and loss for the year. Also, show how you computed each amount Begin the following note to answer your friend's questions: Dear Rebecca This trial balance lists the of the company, along with their at December 31, 20X6. The trial balance provide computing account numbers balances journals Help Me Solve This e Text Pages Get More Help posting references Clear All Chec OK DE 27 O W 0 MacBook Homework: H... Question 3, P2-67B (boo... Part 1 of 4 HW Score: 65.49%, 65.49 of 100 p Points: 0 of 20 ou The trial balance of Advantage Specialties, Inc. follows. (Click the icon to view the trial balance.) Rebecca Smith, your best friend, is considering investing in Advantage Specialties, Inc. Rebecca seeks your advice in interpreting Specifically, she asks how to use this trial balance to compute the company's total assets, total liabilities, and net income or net lose rk Requirement 1. Write a short note to answer Rebecca's questions. In your note, state the amounts of Advantage Specialties' total assets, total IF loss for the year. Also, show how you computed each amount. Test Begin the following note to answer your friend's questions: Dear Rebecca This trial balance lists the of the company, along with their at December 31, 20X6. The trial b computing only net income (loss) only total assets total assets, total liabilities, and net income (loss) Help My vir werrrv.p. IVAN Clear All OK 127 xw