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Use the following to answer questions 28 35 TJ Corporation has provided their trial balance at the end of January. Debits Credits Cash $70,000 Accounts

Use the following to answer questions 28 35

TJ Corporation has provided their trial balance at the end of January.

Debits

Credits

Cash

$70,000

Accounts receivable

65,000

Supplies

500

Prepaid expenses

6,200

Buildings/Equipment, net

1,308,600

Accounts payable

$32,000

Income tax payable

22,000

Utilities payable

3,500

Deferred revenue

15,000

Notes payable

250,000

Common stock

500,000

Retained Earnings

475,000

Dividends

225,000

Service revenue

985,000

Salaries expense

375,000

Insurance expense

12,000

Advertising expense

125,000

Supplies expense

3,200

Depreciation expense

50,000

Rent expense

24,000

Utilities expense

18,000

Totals

$2,282,500

$2,282,500

Based on the data provided in the trial balance find the following:

28. $____________Determine Total expenses.

29. $____________Determine Net income

30. $____________Determine Beginning Retained Earnings

31. $____________Determine Ending Retained Earnings

32. $____________Determine Total Stockholders Equity

33. $_____________Determine Total Liabilities

34. $_____________Determine Total Assets

35. $_____________At the beginning of January, the company had $400,000in its common stock account. How much stock was issued during January?

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