Russert Company showed the following balances at the end of its first year: Cash $7,000 Prepaid insurance 700 Accounts receivable 3,500 Accounts payable 2,800 Notes payable 4,200 Share capital 1,400 Dividends 700 Revenues 21,000 Expenses 17,500 How much will Russert Company show as total credits on its trial balance? For the toolbar, press ALT+F10 (PC) or ALT+FN+F 10 (Mac). BI y S Paragraph Arial 14px > X X XT The - + RBC to completion Ota QUESTION 2 Metzger Company compiled the following financial information as of December 31, 2017: Service Revenue Beg Bal of Retained earnings Unearned Revenue Expenses Cash Dividends Supplies Accounts payable Accounts receivable Share capital-ordinary $420,000 210,000 240,000 375,000 105,000 30,000 15,000 60,000 45,000 195,000 With the information given above, the net income of Metzger will be $30,000 $45,000 $255,000 $285,000 QUESTION 4 El Greco Corporation began operations on January 1, 2017. Presented below is selected information related to El Greco at December 31, 2017. Assume beginning balance of retained earnings to be rero, Equipment 435,000 Cash 126,000 Service Revenue 972,000 Rent Expense 117,000 Unearned Revenue 66,000 Share Capital 252,000 Utilities Expense Accounts Receivable Prepaid Insurance Account Payable Dividends Salaries and Wages Payable 54,000 123,000 363.000 144,000 135,000 24,000 The assets of El Greco Nated in the information above are Cash, Equipment, Account Receivable, Prepaid Insurance Cash, Equipment, Prepaid Insurance, Account Payable Cash, Share Capital Equipment, Account Receivable Cash, Equipment, Account Receivable