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The adjusted trial balance of Kenneth Co. for the year ending December 31, 2025, contains the following. Kenneth Co. Adjusted Trial Balance December 31,
The adjusted trial balance of Kenneth Co. for the year ending December 31, 2025, contains the following. Kenneth Co. Adjusted Trial Balance December 31, 2025 Debit Credit Cash Accounts Receivable Prepaid Rent Equipment $20,452 7,900 3,260 19,030 Accumulated Depreciation-Equipment $5,875 Notes Payable 6,680 Accounts Payable 6.452 Common Stock 20,980 Retained Earnings 12,290 Dividends 3.980 Service Revenue 12,570 Salaries and Wages Expense 7,820 Rent Expense 2,186 Depreciation Expense 219 Interest Expense 157 Interest Payable 157 $65,004 $65,004
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