Question 18 Cash Use the following information in the adjusted trial balance for TB Company to answer the following questions. 5300 Accounts Receivable 3,200 Prepaid Expenses 600 Equipment 14,500 Accumulated 2200 Depreciation Accounts Payable 1.900 Notes Payable 4,200 Bob Steely, Capital 12,500 Bob Steely, 790 Withdrawals Fees Earned 7,500 Wages Expense 2,500 Rent Expense 85 Utilities Expense 775 Depreciation 500 Expense Miscellaneous 50 Expense How much is the net income or loss for the period? 28,300 2.990 [Test choice] Do not select this option. Correct answer will be given on the time of discussion 7,500 O 3.590 Question 19 Using the information in the previous question, how much is the total assets? O 23,600 O 21,400 23,000 [Test choice] Do not select this option. Correct answer will be given on the time of discussion 21,800 Question 20 Using the information in the previous question, how much is the ending balance of capital? 15,300 O [Test choice] Do not select this option. Correct answer will be given on the time of discussion O 12.500 14,700 12.500 Using the information in the previous question, how much is the ending balance of capital? 15.300 Ofest choice Do not see on Correct we will be given the time of discussion 12.500 14.700 12.500 Question 21 2 pts Awume that on December 2019, the end of comaw's annual accounting period, the company has it credit sales of P500.000. The company believes that of the ret credit sales might not be collected of this amount P1.000 was written off and PSCO was subsequently recovered if the balance of allowance for uncollectible accounts before adjusting entries is P500 credit how much would be the balance of the allowance for uncollectible accounts at the end of the period! Test choices on Correct answer will be the fico 19.000 O 1.500 O 15.000 21.000