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The following is the Western Company's adjusted Trial Balance. Western Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable

The following is the Western Company's adjusted Trial Balance.

Western Company

Adjusted Trial Balance

December 31, 2018

Account Title

Debit

Credit

Cash

$88,665

Accounts Receivable

32,000

Supplies

17,000

Equipment

595,000

Accumulated Depreciation

$224,260

Accounts Payable

72,500

Salaries Payable

7,500

Taxes Payable

12,200

Long-term Notes Payable

150,000

Capital Stock

60,000

Retained Earnings

117,500

Dividends

7,000

Service Revenue

777,105

Rental Revenue

105,500

Rent Expense

49,900

Wages Expense

639,000

Supplies Expense

30,000

Utilities Expense

18,000

Depreciation Expense

50,000

________

Totals

$1,526,565

$1,526,565

Use this information to determine:

Total Current Assets

Total Assets

Total Current Liabilities

Total Liabilities

Total Equity

HINTS: To determine the correct balance in Retained Earnings, you should calculate and add Net Income and subtract Dividends paid. Also, verify that Total Assets = Total Liabilities + Total Equity.

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