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Problem 2. The following unadjusted trial balance relates to the business activities of Hawkeye Ranges Unadjusted Trial Balance As of December 31,2029 Account Title Dr

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Problem 2. The following unadjusted trial balance relates to the business activities of Hawkeye Ranges Unadjusted Trial Balance As of December 31,2029 Account Title Dr CI Cash $14000 Supplies 6,500 Equipment 135.000 Accumulated depreciation - Equipment $30,000 Uneared members fees 15000 Notes payable 75000 Hawkeye, Capital 50250 Hawkeye, Withdrawals 21125 Members fee earned 42000 Salaries expense 30000 Interest expense 5625 Totals 212,250 212,250 Additional information a. As of December 31, employees had earned $1,200 of unpaid and unrecorded salaries b. The cost of supplies still available at December 31 is $3,000 c. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $1,875 d. Depreciation expense for the year is $15,000 e. In addition to the member fees included in the revenue account balance, the company has earned another $9,300 in unrecorded fees that will be collected on January 31. Required Income statement and a Balance Sheet

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