ZYX Merchandising Company Unadjusted Trial Balance December 13, 2019 Account Balance Bank 499 200 Interest Payable 480 000 Bank Loan (5 years) 1 472 000 Notes Receivable 896 000 Service Revenue 2 880 000 Cost of Service 1 536 000 Office Supplies 57 600 Accumulated Depreciation (Building) 896 000 Equipment 704 000 Marketing Expense Building 1 280 000 Depreciation Expense (Building) 192 000 Interest receivable 240 000 Note payable (3 years) 800 000 Cash 89 600 Profit from sale of equipment 19 200 Account Receivable 364 800 Capital 2 464 000 Utilities Expense 614 400 Accounts Payable 448 000 Bank Loan (1 year) 160 000 Rent Expense 336 000 Prepaid Rent 160 000 Interest Expense 153 600 Accumulated Depreciation (Equipment) 576 000 Service discount 80 000 Land 2 560 000 Depreciation Expense (Equipment) 512 000 Interest Revenue 160 000 Insurance Expense 112 000 Unearned Service Revenue 224 000 ZYX Merchandising Company was established on January 1, 2019 As of December 31, 2019, the following additional information is available $5 000 of Office Supplies has been used Accrued interest revenue is $10 000 $15 000 of prepaid rent has expired as of December 31, 2019 As of December 31, 2017, $20 000 of the Unearned Service Revenue is earned Questions Find the Marketing Expense for the year of 2019 (Hint Write all the accounts to debit or credit sides while considering their nature The total of debit and credit sides should be equal ) Prepare and journalize the adjusting entries Prepare the adjusted trial balance Journalize the closing entries Prepare Income Statement and Statement of Financial Position (Balance Sheet) of XYZ Service Company in proper form

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ZYX Merchandising Company Unadjusted Trial Balance December 13, 2019
Account	Balance
Bank	499.200
Interest Payable	480.000
Bank Loan (5 years)	1.472.000
Notes Receivable	896.000
Service Revenue	2.880.000
Cost of Service	1.536.000
Office Supplies	57.600
Accumulated Depreciation (Building)	896.000
Equipment	704.000
Marketing Expense	????
Building	1.280.000
Depreciation Expense (Building)	192.000
Interest receivable	240.000
Note payable (3 years)	800.000
Cash	89.600
Profit from sale of equipment	19.200
Account Receivable	364.800
Capital	2.464.000
Utilities Expense	614.400
Accounts Payable	448.000
Bank Loan (1 year)	160.000
Rent Expense	336.000
Prepaid Rent	160.000
Interest Expense	153.600
Accumulated Depreciation (Equipment)	576.000
Service discount	80.000
Land	2.560.000
Depreciation Expense (Equipment)	512.000
Interest Revenue	160.000
Insurance Expense	112.000
Unearned Service Revenue	224.000

ZYX Merchandising Company was established on January 1, 2019. As of December 31, 2019, the following additional information is available:

Questions:

Find the Marketing Expense for the year of 2019 (Hint: Write all the accounts to debit or credit sides while considering their nature. The total of debit and credit sides should be equal.)
Prepare and journalize the adjusting entries.
Prepare the adjusted trial balance.
Journalize the closing entries.
Prepare Income Statement and Statement of Financial Position (Balance Sheet) of XYZ Service Company in proper form.