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The following is the Adjusted Trial Balance of Kiss Company for the year ended December 31st: DEBITS CREDITS Cash $12,400 Accounts Receivable 55,200 Supplies 5,000

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The following is the Adjusted Trial Balance of Kiss Company for the year ended December 31st: DEBITS CREDITS Cash $12,400 Accounts Receivable 55,200 Supplies 5,000 169,000 $69,000 42,500 Equipment Accumulated Depreciation Accounts Payable Ace Frehley, Capital Ace Frehley, Drawing Fees Earned 152,600 30,000 404,500 300,500 60,000 25,000 Salary Expense Rent Expense Depreciation Expense Supplies Expense Interest Expense Totals 9,500 2,000 $668,600 $668,600 Net Income reported by Kiss Company on its year ended December 31st income statement is: O $9,500 0 $7,500 O $668,600 O $404,500 D Question 17 4 pts Total Assets reported on Kiss Company's balance sheet at December 31st is: O $668,600 O $241,600 O $72,600 O $172,600 4 pts Question 18 At December 31st, the amount owed to Kiss Company by its customers for services already performed is: O $404,500 O $668,600 O $55,200 O $42,500 4 pts Question 19 The total amount Ace Frehley withdrew from Kiss Company for personal use for the year ended December 31st is: O $300,500 $152,600 $30,000 O $12,400

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