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Required information [The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Incorporated, for
Required information [The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Incorporated, for the fiscal year ended September 30, 2021. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock $ 39,100 66,500 21,500 80,300 94,800 Equipment 90,700 Income Tax Expense 10,500. Notes Payable (long-term) 1,500 Office Expense 6,300 Rent Expense 164,200. Retained Earnings: 99,900 Salaries and Wages Expense 128,700 Sales Revenue 325,600 Supplies 35,200 Required: 1-a. Prepare an adjusted trial balance at September 30, 2021. 1-b. Is the Retained Earnings balance of $99,900 the amount that would be reported on the balance sheet as of September 30, 20217 TIP: The company did not declare a dividend during 2021, but it did earn net income
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