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Use the following info to answer questions 1-8 REVIEW PROBLEM: CHAPTER 15 this problem is to proeide an opportunity to retiexe both nee thspts in

Use the following info to answer questions 1-8 image text in transcribed
REVIEW PROBLEM: CHAPTER 15 this problem is to proeide an opportunity to retiexe both nee thspts in precious chapters. This cumulatice recine should asist you in uing concepts and preparing for exams concepts in the currest following information for the eight questions which follow. has the following account balances after adjusting entries at December i REQURED: Use the 31201 l: 137.000 100,000 22.000 20,000 8,000 80,000 220,000 8,000 Bonds Payable (due 2050) Accounts Payable Tressury Stock, Common (22,000 shares) Preferred Stock ($10 par) Paid-in Capital in Excess of Par Value, Preferred Accounts Receivable Common Stock ($1 par) Merchandise Inventory Cost of Goods Sold Unearned Revenue Alowance for Doubtful Accounts Operating Expenses 0.000 T20,000 18.000 15.000 5,000 40.000 Pad-in Capital in Excess of Par Value, Common Retained Eamings (1/1/2011 27,000 I.The aljasted trial balance on December 31, 2011, would balance at L.The net income for the year is: I The total tTh total assets on the December 31, 901 1 balance sheet is osners' equity on the December 31, 2011 balance sheet s alance sheetis otal current assets on the December 31, 2011 urrent ratio on December 31, 2011 is: T The total debe The gross percentage on December 31, 2011 is Drws margia percent argia percent for 9011 is

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