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Use the following to answer questions 28-35 J&T Corporation has provided their trial balance at the end of January. Debits Credits Cash $45,000 Accounts
Use the following to answer questions 28-35 J&T Corporation has provided their trial balance at the end of January. Debits Credits Cash $45,000 Accounts receivable 62,000 Supplies 400 Prepaid expenses 5,000 Buildings/Equipment, net 1,400,000 Accounts payable $5,200 Income tax payable 24,500 Utilities payable 3,000 Deferred revenue 7,000 Notes payable 250,000 Common stock 750,000 Retained Earnings 369,000 Dividends 48,000 Service revenue 852,000 Salaries expense 456,000 Insurance expense 12,000 Advertising expense 123,000 Supplies expense 2,100 Depreciation expense 63,200 Rent expense 18,000 Utilities expense 26,000 Totals $2.260.700 $2,260,700
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