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Required information [The following information applies to the questions displayed below.] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified
Required information [The following information applies to the questions displayed below.] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021. 1-a. Prepare an adjusted trial balance at September 30,2021. 1-b. Is the Retained Earnings balance of $1,496 the amount that would be reported on the balance sheet as of September 3 Complete this question by entering your answers In the tabs below. Prepare an adjusted trial balance at September 30, 2021. STARBOOKS CORPORATION Adjusted Trial Balance \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Account Titles } \\ \hline Cash \\ \hline Accounts Receivable \\ \hline Supplies \\ \hline Prepaid Rent \\ \hline Equipment & Debit \\ \hline Accumulated Depreciation & Credit \\ \hline Accounts Payable & \\ \hline Deferred Revenue & \\ \hline Notes Payable (short-term) & \\ \hline Notes Payable (long-term) & \\ \hline Common Stock & \\ \hline Retained Earnings & \\ \hline Service Revenue \\ \hline Interest Revenue \\ \hline= & \\ \hline \end{tabular} Is the Retained Earnings balance of $1,496 the amount that would be reported on the balance sheet as of September 30 , 2021
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