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please answer the parts to this question below gow about now? please try zooming in if that helps! Thank you The pre-closing balances in the
please answer the parts to this question below gow about now? please try zooming in if that helps! Thank you The pre-closing balances in the T-accounts of Chang Company at the end of the third year of operations follow. The current year's adjusting entries are identified by letters. Cash Note Payable (6% interest rate) Common Stock (10,000 shares) Bal. 25,000 Bal. 10,000 Bal. 18,888 Maintenance Supplies Interest Payable Retained Earnings Bal. Bee (a) 500 600 Bal! 12,000 (6) Service Equipment 90,000 Income Taxes Payable Bal. 13,020 Service Revenue Bal. (c) 214,000 10,000 Accumulated Depreciation, Service Equipment Bal. 21,080 (d) 9,000 Wages Payable (e) 408 Bal. Remaining Assets 44,800 (c) Unearned Revenue 10,000 Bal. 13,600 Additional Paid-in Capital Bal. 40,000 Bal. (a) (b) (d) (e) (1) Expenses 168,888 5ee 600 9,000 400 13,020 Required: 1. Develop three trial balances for Chang Company using the following format: 3. Record the closing journal entry at the end of the current year? 4. What was the average income tax rate for the current year? 5. What was the average issue (sale) price per share of the common stock? Complete this question by entering your answers in the tabs below. Reg 1 Reg 3 Req 4 and 5 Develop three trial balances for Chang Company using the following format: Account Unadjusted Trial Balance Debit Credit Adjusted Trial Balance Debit Credit Post-Closing Trial Balance Debit Credit Cash Maintenance supplies Service equipment Accumulated depreciation, service equipment Romaining assets Note payable Interest payable Income taxes payable Wages payable Uneamed revenue Common stock Additional paid in capital Retained earnings Service revenue Expenses 0 o 5 0 $ 0 S 0 Req 1 Reg 3 Req 4 and 5 Record the closing journal entry at the end of the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the filst account field.) View transaction list Journal entry worksheet
gow about now? please try zooming in if that helps! Thank you
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