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Use the following to answer questions 28-35 MYM 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 MYM Corporation has provided their trial balance at the end of January. Debits Credits Cash $70,000 Accounts receivable 59,000 Supplies 900 Prepaid expenses 5,000 Buildings/Equipment, net 1,000,000 Accounts payable $25,000 Income tax payable 35,000 Utilities payable 1,500 Deferred revenue 10,000 Notes payable 125,000 Common stock 500,000 Retained Earnings 425,000 Dividends 100,000 Service revenue 775,400 Salaries expense 325,000 Insurance expense 18,000 Advertising expense 222,000 Supplies expense 5,000 Depreciation expense 45,000 Rent expense 30,000 Utilities expense 17,000 Notals $1.896.900 $1.896.900 Based on the data provided in the trial balance find the following: Determine Ending Retained Earnings 28. $ Determine Total expenses. 29. S Determine Net income 30. $ Determine Beginning Retained Earnings 31. 5 32. $ 33. 5. 34. 5. 35,5 Determine Total Stockholders' Equity Determine Total Liabilities Determine Total Assets At the beginning of January, CCT had $400,000 in its common stock account. How much stock was issued during January?
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