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Please help with this balance sheet question, thank you in advance! Q1 Q2 (based on balance sheet above) Q3 (based on balance sheet above) Adjusted
Please help with this balance sheet question, thank you in advance!
Adjusted Trial Balance As of 12/31/20xx Accounts Account Balances Cash $20,542 Accounts 30,000 Receivable Allowance for 14.000 Uncollectible Accounts Inventory 35,000 Building 0,175 Accumulated 10,000 Depreciation Accounts Payable 12.542 Deferred Revenue 10,000 Common Stock 20,000 Retained Earnings 20.000 Dividends 3.000 Revenue (Sales/ 65.175 Sales Allowances 1.000 Rent Expense 4,000 Interest Expense 11.000 Income Tax Expense 1.000 Question: Based on the Partial al Balance and Additional Info shown below, what is the amount of the Total Amets shown on the Balance Sheet you prepared on your scratch paper? Additional Information: Nettocome Alter-taxes for the Accounting Period equaled $52,175 Beginning Balance of Common Stock on 1/1/20xx $20.000 Beginning Balance of Retained Earnings on 1/1/20xx $20.000 No now stock was issued during the accounting period. Balance Sheet Question Based on the Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Assets shown on the Balance Sheet you prepared on your scratch paper? Balance Sheet Question: Based on the Balance Sheet you prepared on your scratch paper, what is amount of the Total Stockholders' Equity shown on the Balance Sheet you prepared on your scratch paper Q1
Q2 (based on balance sheet above)
Q3 (based on balance sheet above)
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