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Redberry Inc.'s trial balance follows. Compute these amounts for Redberry: 1. Total assets 2. Total liabilities 3. Net income or loss during NovemberNovember 4. Total
Redberry Inc.'s trial balance follows.
Compute these amounts for Redberry:
1. Total assets
2. Total liabilities
3. Net income or loss during NovemberNovember
4. Total shareholders' equity
November 30, 2020 Balance Account Title Debit Credit Cash $ 3,000 Accounts receivable 17,000 Supplies 2,000 Equipment 23,000 Land 49,000 Accounts payable $ 17,000 Note payable 32,000 Share capital 12,000 Retained earnings 9,000 Service revenue 52,300 Salary expense 18,000 Rent expense 9,500 800 Interest expense $ 122,300 $ 122,300 TotalStep by Step Solution
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