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Please correct my mistakes Sutton Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant

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Sutton Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as at the end of the company's fiscal year, December 31, 2017: Account Titles Debit Credit $ 22,100 8,450 1,650 1,300 33,300 Cash Accounts receivable Service supplies inventory Prepaid insurance Service trucks $ 14,800 Accumulated depreciation, service trucks Other assets Accounts payable Note payable (three years; 9% each December 31) Contributed capital (4,700 shares outstanding) 5,800 3,550 7,800 16,500 Retained earnings 10,650 51,500 Service revenue 32,200 Other expenses, excluding income tax 104,800 $104,800 Totals Data not yet recorded at December 31, 2017, were as follows: a. Supplies inventory on December 31, 2017, reflecting $670 remaining on hand. b. Insurance expired during 2017, $520. c. Depreciation expense for 2017, $3,700. d. Wages earned by employees not yet paid on December 31, 2017, $1,450. e. Income tax expense, $3,300. 3-b. Prepare a statement of financial position at December 31, 2017. SUTTON, INC. Statement of Financial Position As at December 31, 2017 Assets $ Cash 22,100 Accounts receivable 8,450 Service supplies inventory 1,650 Other assets 5,800 $ 33,300 Service trucks, at cost Less: Accumulated depreciation 14,800 18,500 $ 56,500 Total assets Liabilities $ Accounts payable 3,550 Wages payable 1,450 Income tax payable 3,300 7,800 Note payable, long term Total liabilities 16,100 Shareholders' Equity Contributed capital 16,500 Retained earnings 10,650 Total shareholders' equity 27,150 43,250 Total liabilities and shareholders' equity *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. 4. Compute the net earnings for the year, assuming that you did not make an adjustment to the balance of the supplies inventory account. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Net $ 9,350 earnings

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