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Use the following adjusted trial balance to create a balance sheet at December 31, 2016. (beginning balance of office supplies=500)(office supplies purchased during year=1500). Accounts
Use the following adjusted trial balance to create a balance sheet at December 31, 2016. (beginning balance of office supplies=500)(office supplies purchased during year=1500).
Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Building Common Stock Cash Copyrights Dividends paid Equipment Land Note Payable (10%, due in 5 years) Office Supplies ending balance Prepaid Insurance Retained Earnings (January 1, 2016) Wages Payable Service Revenue Wages Expense Utilities Expense Depreciation Expense Insurance Expense Interest Expense $12,000 13,000 6,000 9,000 60,000 40,000 24,000 22,000 12,000 15,000 25,000 40,000 1,000 3,000 23,000 2,000 85,000 28,000 2,000 5,000 2,000 4,000Step by Step Solution
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