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The accounts from the Adjusted Trial Balance are listed in alphabetical order. What is the total current assets? Baker Service Company Adjusted Trial Balance September
The accounts from the Adjusted Trial Balance are listed in alphabetical order. What is the total current assets? Baker Service Company Adjusted Trial Balance September 30, 2024 Account Title Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Cash Common Stock Depreciation Expense - Equipment Dividends Equipment Notes Payable (long-term) Office Supplies Prepaid Rent Rent Expense Retained Earnings, August 31, 2024 Salaries Expense Service Revenue Supplies Expense Uneamed Revenue (short-term) Utilities Expense Total Balance Debit Credit $9,800 $2,400 1,900 14,100 9,000 500 1,800 41,400 19,300 1.100 4,000 1,200 8,100 9,000 27,000 500 1,600 700 $76,700 $76,700 The issuance of a note is recorded, on the books of the borrower, by crediting Cash and debiting Notes Receivable. True False A business has the following transactions: The business received $23,000 cash and issued common stock to stockholders. The business purchases $700 of office supplies on account The business purchases $2,000 of furniture on account The business performs services to various clients totaling $17,000 on account. The business pays out $3,000 for salaries expense and $4,500 for rent expense. The business pays $700 to a supplier for the office supplies purchased earlier. The business collects $3,000 from one of its clients for services rendered earlier in the month. At the end of the month, all Journal entries are posted to the ledger. Accounts Payable will appear as which of the following? CLOSED A Accounts Payable 700 2,000 2,700 Bal . Accounts Payable 700 700 2,000 2,000 Bal. OC Accounts Payable 700 2.000 700 Bal 2,000
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