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Selected amounts from James's trial balance of 12/31/19 appear below: 1. Accounts Payable 190,000 2. Accounts Receivable 150,000 3. Accumulated DepreciationEquipment 200,000 4. Allowance for

Selected amounts from James's trial balance of 12/31/19 appear below:

1. Accounts Payable 190,000

2. Accounts Receivable 150,000

3. Accumulated DepreciationEquipment 200,000

4. Allowance for Doubtful Accounts 20,000

5. Bonds Payable 500,000

6. Cash 150,000

7. Equipment 840,000

8. Insurance Expense 30,000

9. Interest Expense 10,000

10. Inventory 300,000

11. Notes Payable (due 6/1/20) 200,000

12. Prepaid Rent 180,000

13. Retained Earnings 818,000

14. Salaries and Wages Expense 328,000

15. Share CapitalOrdinary 60,000

(All of the above accounts have their standard or normal debit or credit balance.)

At December 31, 2019, based on the following supplemental information.

a. The equipment has a useful life of 40 years with no salvage value. (Straight-line method being used.)

b. Interest accrued on the bonds payable is 16,000 as of 12/31/19.

c. Expired insurance at 12/31/19 is 12,000.

d. The rent payment of 180,000 covered the six months from November 30, 2019 through May 31, 2020.

e. Salaries and wages incurred but unpaid at 12/31/19, 20,000.

Required: Prepare 10 colume worsheet

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