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Please answer b and c Do It! Review 3-4 (Part Level Submission) Lumina Co. was organized on April 1, 2017. The company prepares quarterly financial
Please answer b and c
Do It! Review 3-4 (Part Level Submission) Lumina Co. was organized on April 1, 2017. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below Credit Equipment $ 700 3,900 Debit $ 7,000 Accumulated Depreciation 580 600 900 Notes Payable Accounts Payable Salaries and Wages Payable Prepaid Rent Equipment Dividends Salaries and Wages Expense 12,500 Interest Payable 500 Unearned Rent Revenue 14,280 11,400 1,000 $32,760 7,600 Common Stock 1,800 Service Revenue Supplies Expense Utilities Expense Interest Expense 700 Rent Revenue 100 400 80 $32,760 Your answer is correct. Determine the net income for the quarter April 1 to June 30 1,720 TO TEXT this Question Assistance, you will learn while you earn points based on th (b) Determine the total assets and total liabilities at June 30, 2017, for Lumina Company. Yang Company Total assets Total liabilities By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. be O Type here to search (c) Determine the amount that appears for Retained Earnings at June 30, 2017. Retained Earnings, June 30 By accessing this Question Assistance, you will learn while you earn points based on the Poin Attempts:0 image text ExpertStep by Step Solution
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