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The following account balances appear in the 20XC year end adjusted trial balance of GRG Corporation: Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable
The following account balances appear in the 20XC year end adjusted trial balance of GRG Corporation: Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous expense $66,000 77,000 1,100 1,025,000 225,000 25,000 180,000 400,000 227,900 20,000 594,500 321,000 6,300 22,500 112,500 1,000 20. $. _Determine total expenses for the year Determine net income for the year 21. $. 22. $ Determine ending retained earnings for the year Determine ending total stockholders' equity for the year 23. $ 24. $. _Determine total Current Assets at the end of the year 25. $ _Determine Total Assets at the end of the year 26. Should Common stock be closed at year end
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