Question
please answer all parts with correct calculations and explanations and make sure the formatting is proper, else i will downvote and report the answer. QUESTION:
please answer all parts with correct calculations and explanations and make sure the formatting is proper, else i will downvote and report the answer. QUESTION:
Elec Books Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Amounts in the list of accounts are rounded to the nearest thousand dollars. Assume the year ended on September 30,2020. Accounts Payable $ 269 Accounts Receivable 207 Accrued Liabilities 370 Accumulated Depreciation 316 Cash 323 Contributed Capital 167 Depreciation Expense 356 General and Administrative Expenses 373 Income Tax Expense 318 Interest Revenue 108 Long-Term Debt 212 Other Current Assets 87 Other Long-Lived Assets 509 Other Operating Expenses 213 Prepaid Expenses 110 Property and Equipment 2,190 Retained Earnings 1,493 Selling Expenses 2,653 Service Revenues 6,529 Short-Term Bank Loan 492 Store Operating Expenses 2,214 Supplies 594 Deferred Revenue 191
1-a. Pr.epare an adjusted trial balance at September 30,2020.
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