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please answer 1, 2, 3 and 4 Cullumber's Forest Products showed the following account balances at the end of 2021: Cash $ 100950 Accounts Receivable
please answer 1, 2, 3 and 4
Cullumber's Forest Products showed the following account balances at the end of 2021: Cash $ 100950 Accounts Receivable 21100 Accounts Payable 15200 Unearned Revenue 1040 Sales 151300 Cullumber, Capital 71650 Cullumber, Withdrawals 60400 Office Supplies 2640 Wages Expense 44900 Utilities Expense 9200 Assuming all accounts have normal balances, what are the totals for the debit and credit columns in the trial balance? O $239190 O $238150 O $138240 $167540 Ladybug Creamery is producing its first financial statements for its bank. The trial balance does NOT balance. The company should O create a new account called "Suspense" and use it to balance the trial balance. O give the incorrect trial balance to the bank. O ask the bank for more time to find the error. increase one of the larger accounts so that the trial balance will balance. Once an unadjusted trial balance has been prepared, the next step in the accounting cycle is prepare financial statements. O calculate profit. analyze the accounts for adjusting entries which need to be made. O calculate owner's capital at the end of the period. Office equipment is classified in the balance sheet as O a current asset O property, plant, and equipment. O a long-term investment. O a current liabilityStep by Step Solution
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