Project 1: Mary Williams, Accounting Questions

1. What are the total debit and credit balances on your adjusted trial balance?
2. What are the total debit and credit balances on your adjusted trial balance?
3. According to your account reconciliation report, what is the Ending GL Balance?
4. What is the depreciation expense for furniture and fixtures on December 31?
5. What is the depreciation expense for computer equipment on December 31?
6. What is the amount of total revenues as of December 31?
7. How much net income (or net loss) is reported on December 31?
8. What is the account balance in the Supplies account on December 31?
9. What is the account balance in the Accounts Payable account on December 31?
10. What is the total liabilities and capital balance on December 31?
11. Is there an Increase or Decrease in cash for the month of December?
12. Were any Accounts Payable incurred during the month of December? Yes or No