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what is the amount for each account Arles Inc. is a major local wholesaler that provides books to the bookstores and libraries in the region.

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Arles Inc. is a major local wholesaler that provides books to the bookstores and libraries in the region. It prepares its financial statements once a year on December 31, and records the appropriate adjusting entries at that time. The following is an unadjusted trial balance for all the accounts for Arles Inc. at December 30, 2020, presented in no particular order. Corporate taxes are ignored. Accounts Dr. Cr. Cash 250,900 Notes receivable 36,000 Accounts receivable 183,000 Share capital 893,500 Building 600,000 Accumulated depreciation-building 20,000 Land 169,200 Long-term investments 100,000 Sales 1,119,900 Salaries expense 124,300 Retained earnings-Jan 2020 264,000 Advertising expense 105,000 Merchandise inventory 201,900 Rent revenue 6,000 Prepaid insurance 9,000 Accounts payable 47,100 Interest expense 600 Telephone expense 2,900 Notes payable 20,000 Miscellaneous expenses 7,700 Cost of goods sold 580,000 Total 2,370,500 2,370,500 Additional information: a) The prepaid annual insurance policy expires on March 31, 2021. b) The Note receivable is a six-month note, dated November 1, 2020 and payable to Arles Inc. on April 30, 2021 along with interest at the rate of 10 percent per annum. c) Part of the building owned by the company was rented to a tenant on November 1, 2020 for three months, at $2,000 per month. The rent of $6,000 was collected in cash on November 1, 2020 and credited to Rent revenue. d) An amount of $6,000 will be paid to employees on January 15, 2021. One half of this amount pertains to salaries earned by employees in the last two weeks of December 2020 and the other half was earned in the first two weeks of January 2021. e) Depreciation on the building for 2020 is $18,000. f) The note payable was issued on December 1, 2020. The principal and interest of 6 percent per annum are payable on March 1, 2021

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