Project 2: Northern Sports Questions For all answers except for question 12 use this format: (Use format $x,xxx.xx) 1. What are the total debit and credit balances on your General Ledger Trial Balance?

2. What are the total assets on January 31?

3. What is the balance in the Federal Bank account on January 31? 4. How much are total revenues as of January 31? 5. What is the depreciation expense for computer equipment on December 31? 6. What is the balance in the Inventory-Mountain Bikes account on January 31? 7. What is the balance in the Inventory-Road Bikes account on January 31? 8. What is the balance in the Inventory-Childrens Bikes account on January 31? 9. What is the balance in the Short-Term Notes Payable account on January 31? 10. What is the balance in the Common Stock account on January 31? 11. What are the total expenses reported on January 31? 12. Were any Accounts Payable incurred during the month of December? Yes or No