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vv Sheet1 begin{tabular}{|c|c|c|c|} hline & A & B & C hline 4 & supplies & 4000 & hline 5 & equipment (purchased 1-1-2019)
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Sheet1 \begin{tabular}{|c|c|c|c|} \hline & A & B & C \\ \hline 4 & supplies & 4000 & \\ \hline 5 & equipment (purchased 1-1-2019) & 22000 & \\ \hline 6 & accumelated depreciation & 2000 & \\ \hline 7 & unearned service revenues & 6000 & \\ \hline 8 & note payable ( 12% issued 31122019 for 3 years) & 10000 & \\ \hline 9 & shared capital balance & 34000 & \\ \hline 10 & -atained earning & 5000 & \\ \hline 11 & viansactions during 2020 & & \\ \hline 12 & supplies purchased for cash & 500 & \\ \hline 13 & services performed ( 1/3 of it on account) & 45000 & \\ \hline 14 & salaries expense for cash & 7000 & \\ \hline 15 & rent expenses for cash & 3100 & \\ \hline 16 & utilities expense for cash & 1500 & \\ \hline 17 & additional investment by owners for cash & 10900 & \\ \hline 18 & dividends paid for cash & 2100 & \\ \hline 19 & information relate to adjusting entries(31-12-2020) & & \\ \hline 20 & accrued salaries unpaid & 1000 & \\ \hline 21 & supplies on hand 31122020 & 3000 & \\ \hline 22 & 2/3 of unearned service revenues become earned & & \\ \hline 23 & do not forget adjusting entries for depreciation \& interest & & \\ \hline 24 & answer the following questions relate to 31122020 : & \multicolumn{2}{|c|}{ answers: } \\ \hline 25 & ( )your student id & & \\ \hline 26 & what is the total debit on the trial balance & & \\ \hline 27 & what is the total credit on adjusted trial balance & & \\ \hline 28 & what is the total debit on after closing trial balance & & \\ \hline 29 & what is the total expenses that will appear in 2020 income statement & & \\ \hline 30 & what is the total revenues that will appear in 2020 income statement & & \\ \hline 31 & what is the net income for 2020 & & \\ \hline 32 & what is the book value of equipment & & \\ \hline 33 & what is the total assets & & \\ \hline 34 & what is the total liabilities & & \\ \hline 35 & what is the ending retained earnings & & \\ \hline 36 & what is the supplies unused & & \\ \hline 37 & what is the supplies used during 2020 & & \\ \hline 38 & what is the changes in equity during 2020 & & \\ \hline 39 & what is the balance of income summary on 31/12/2020 before it is closed & & \\ \hline 40 & what is the beginning retained earnings & & \\ \hline \end{tabular} Sheet1 \begin{tabular}{|c|c|c|c|} \hline & A & B & C \\ \hline 4 & supplies & 4000 & \\ \hline 5 & equipment (purchased 1-1-2019) & 22000 & \\ \hline 6 & accumelated depreciation & 2000 & \\ \hline 7 & unearned service revenues & 6000 & \\ \hline 8 & note payable ( 12% issued 31122019 for 3 years) & 10000 & \\ \hline 9 & shared capital balance & 34000 & \\ \hline 10 & -atained earning & 5000 & \\ \hline 11 & viansactions during 2020 & & \\ \hline 12 & supplies purchased for cash & 500 & \\ \hline 13 & services performed ( 1/3 of it on account) & 45000 & \\ \hline 14 & salaries expense for cash & 7000 & \\ \hline 15 & rent expenses for cash & 3100 & \\ \hline 16 & utilities expense for cash & 1500 & \\ \hline 17 & additional investment by owners for cash & 10900 & \\ \hline 18 & dividends paid for cash & 2100 & \\ \hline 19 & information relate to adjusting entries(31-12-2020) & & \\ \hline 20 & accrued salaries unpaid & 1000 & \\ \hline 21 & supplies on hand 31122020 & 3000 & \\ \hline 22 & 2/3 of unearned service revenues become earned & & \\ \hline 23 & do not forget adjusting entries for depreciation \& interest & & \\ \hline 24 & answer the following questions relate to 31122020 : & \multicolumn{2}{|c|}{ answers: } \\ \hline 25 & ( )your student id & & \\ \hline 26 & what is the total debit on the trial balance & & \\ \hline 27 & what is the total credit on adjusted trial balance & & \\ \hline 28 & what is the total debit on after closing trial balance & & \\ \hline 29 & what is the total expenses that will appear in 2020 income statement & & \\ \hline 30 & what is the total revenues that will appear in 2020 income statement & & \\ \hline 31 & what is the net income for 2020 & & \\ \hline 32 & what is the book value of equipment & & \\ \hline 33 & what is the total assets & & \\ \hline 34 & what is the total liabilities & & \\ \hline 35 & what is the ending retained earnings & & \\ \hline 36 & what is the supplies unused & & \\ \hline 37 & what is the supplies used during 2020 & & \\ \hline 38 & what is the changes in equity during 2020 & & \\ \hline 39 & what is the balance of income summary on 31/12/2020 before it is closed & & \\ \hline 40 & what is the beginning retained earnings & & \\ \hline \end{tabular}Step by Step Solution
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