ton Metzger Company compiled the following financial information as of December 31, 2017, Revenues Retained earnings (Jan/1/2017) Equipment Expenses Cash Dividends Supplies Accounts payable Accounts receivable Share capital-ordinary $420,000 210,000 240,000 375,000 105,000 30,000 15,000 60,000 45,000 195,000 Metzger's owner's equity on December 31, 2017 will be O $255,000 405,000 Moving to another question will save this response. Question 26 Russert Company showed the following balances at the end of its first year: Cash $7,000 Prepaid insurance 700 Accounts receivable 3,500 Accounts payable 2,800 Notes payable 4,200 Share capital 1,400 Dividends 700 Revenues 21,000 Expenses 17,500 How much will Russert Company show as total credits on its trial balance? $29,400 24 10 10 15 11 12 Moving to another question will save this response. Question 21 On March 1 Doodle Company purchased office supplies costing $8,000 and debited Supplies for the full amount. On March 31, a physical count of supplies revealed $2.200 worth of supplies had been consumed. The appropriate adjusting journal entry to be made on March 31 would be 0 Debit Supplies Expense, $2,200; Credit Supplies, $2,200. Debit Supplies, $5,800; Credit Supplies Expense, $5,800. Debit Supplies Expense, $5,800; Credit Supplies, $5,800. Debit Supplies, $2,200; Credit Supplies Expense, $2,200 MacBook Air