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Samantha Company has the following adjusted account balances at December 31, 2012: Equipment $250,000 Salaries Expense 140,000 Unearned Revenue 10,000 Accounts Receivable 95,000 Cash 90,000
Samantha Company has the following adjusted account balances at December 31, 2012: Equipment $250,000 Salaries Expense 140,000 Unearned Revenue 10,000 Accounts Receivable 95,000 Cash 90,000 Rent Expense 115,000 Depreciation Expense 5,000 Accounts Payable 42,000 Office Supplies 1,000 Dividends 11,000 Land 220,000 Revenues 375,000 Office Supplies Expense 8,000 Common Stock ($1 par) 480,000 Prepaid Rent 60,000 Salaries Payable 11,000 Accumulated Depreciation- Equipment 40,000 Retained Earnings (1/1/2012) 37,000 6. A Trial Balance prepared on December 31, 2012 using the account balances above would balance at: $____________. 7. The income statement prepared at December 31, 2012, would report net income of: $____________. 8. The balance sheet prepared at December 31, 2012, would report total owners
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