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The company KOLODA provides the IT services. The following accounts had the following balances on March 31, 2020 (6 marks) Debit Credit Production Plants $457,600

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The company KOLODA provides the IT services. The following accounts had the following balances on March 31, 2020 (6 marks) Debit Credit Production Plants $457,600 Owner's Capital Accrued Receivable $416,000 29,040 Accumulated Depreciation Buildings 85,200 Salaries Expense 9,000 Accounts Payable 58,600 Cash 36,080 Mortgage Payable 189,200 Equipment 124,800 Accumulated Depreciation Equipment 37,440 Land 130,000 Unearned Service Revenue 7,600 Rent Expense 1,560 Sales Revenue Depreciation Expense $844,400 Interest Expense 7,600 COGS 18,000 Drawings 6.000 Patents 10,000 $844,400 50.360 The company's fiscal year starts on April 1, and finishes March 31 a. Prepare a trial balance Why does the accountant prepare a Trial balance? b. Prepare a multistep income statement and statement of Owner's Equity C. Calculate Gross profit and gross profit percentage. What do we control y gross proftpercentage d. When a Postclosing Trial Balance is prepared? Which accounts does it containCan you explain why

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