Please review my answer:

1.Baltimore Company's assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,850, Prepaid Rent $2,000, Supplies $400, Bank Loan $2,750, and Tools $300. Baltimore's total liabilities are: (All account balances are normal.)

Answer 7,600

2.Baltimore Company's assets and liabilities are Accounts Receivable $1,850, Equipment $8,200, Accounts Payable $4,700, Prepaid Rent $2,150, Supplies $975, Bank Loan $3,550, and Tools $585.Baltimore's total equity is: (All account balances are normal.)

5,510

3.Baltimore Company experienced a total increase in stockholders' equity of $14,000 during the current year.Stockholders' equity was increased by additional issuances of $44,000 capital stock during the year.No dividends were paid.Expenses incurred during the year were $100,000.How much was Baltimore's revenue for the year?

70,000

4.Baltimore Company experienced an increase in total assets of $15,500 during the current year.During the same time period, total liabilities increased $7,600.Shareholders made no investments during the year and no dividends were paid.How much was Baltimore's net income

7,900

5.Annapolis Corporation's trial balance included debits to expense accounts of $175,000, credits to revenue accounts of $246,000, and debits to the Dividends account of $50,000.Based on this information, what is the amount of the company's net income or loss.Enter a loss as a negative number.

71,000

6.Baltimore Company reports total assets and total liabilities of $236,000 and $115,000, respectively, at the conclusion, of its first year of business. The company earned $75,500 during the first year, and distributed $31,000 to shareholders as dividends. How much did shareholders initially invest in the business?

76,500

7.During June, Bravo Magazine sold for cash six advertising spaces for $400 each to be run in the July through December issues.On that date, Bravo properly recognized Unearned Revenue.The adjusting entry to record on July 31 includes:

debit to Unearned Revenue for $400

8.On January 7, Bravo purchased supplies on account for $1,000, and recorded this purchase to the Supplies account.At the end of January, Bravo had $600 of these supplies still on hand.The proper adjusting journal entry at January 31 would:

include a credit to Supplies for $400