account receivable supplies equipment (purchased 1-1-2019) accumelated depreciation unearned service revenues note payable (12% issued 31-12-2019 for 3 years) shared capital balance retained earning transactions during 2020 supplies purchased for cash services performed (1/3 of it on account) salaries expense for cash rent expenses for cash utilities expense for cash additional investment by owners for cash dividends paid for cash information relate to adjusting entries(31-12-2020) accrued salaries unpaid supplies on hand 31-12-2020 2/3 of unearned service revenues become earned do not forget adjusting entries for depreciation & interest answer the following questions relate to 31-12-2020: (رقم الطالب الجامعي)your student id | what is the total debit on the trial balance what is the total credit on adjusted trial balance what is the total debit on after closing trial balance what is the total expenses that will appear in 2020 income statement what is the total revenues that will appear in 2020 income statement what is the net income for 2020 what is the book value of equipment 11000 4000 22000 2000 6000 14000 34000 5000 900 45800 6600 3500 1500 10100 2500 1400 2600 answers:

account receivable supplies equipment (purchased 1-1-2019) accumelated depreciation unearned service revenues note payable (12% issued 31-12-2019 for 3 years) shared capital balance retained earning transactions during 2020 supplies purchased for cash services performed (1/3 of it on account) salaries expense for cash rent expenses for cash utilities expense for cash additional investment by owners for cash dividends paid for cash information relate to adjusting entries(31-12-2020) accrued salaries unpaid supplies on hand 31-12-2020 2/3 of unearned service revenues become earned do not forget adjusting entries for depreciation & interest answer the following questions relate to 31-12-2020: (رقم الطالب الجامعي)your student id | what is the total debit on the trial balance what is the total credit on adjusted trial balance what is the total debit on after closing trial balance what is the total expenses that will appear in 2020 income statement what is the total revenues that will appear in 2020 income statement what is the net income for 2020 what is the book value of equipment 11000 4000 22000 2000 6000 14000 34000 5000 900 45800 6600 3500 1500 10100 2500 1400 2600 answers:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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