PARRISH Pg 140Please calculate the following amounts from an adjusted Trial Balance and tell me the Net Income or Net Loss. ***Please do not put the answers in an Excel spreadsheet with the total's showing incorrect formulas instead of the totals. I don't know if it is a copy and paste issue, however everytime an answer like that is given I have to reask the question because the Excel Sheet did not paste correctly. If this happens again I will have to report this answer to Bartleby as not being properly answered and request an additional questions. ***DEBITSCASH $14,500ACCOUNTS RECEIVABLE 7,000LAND 67,000BUILDING 72,000OFFICE EQUIPMENT 24,000DIVIDENDS 10,000ADVERSITING EXPENSE 900PROPERTY TAX EXPENSE 700SALARIES EXPENSE 13,300TELEPHONE EXPENSE 600DEPRECIATION EXPENSE: BUILDING 200DEPRECIATION EXPENSE: OFFICE EQUIPMENT 250TOTAL $210,450 CREDITSACCUMULATED DEPRECIATION: BUILDING $600ACCUMULATED DEPRECIATION: OFFICE EQUIPMENT 750NOTES PAYABLE 81,000ACCOUNTS PAYABLE 10,000COMMON STOCK 50,000RETAINED EARININGS 11/1/27 46,100COMMISSIONS EARNED 22,000TOTAL $210,450
PARRISH Pg 140
Please calculate the following amounts from an adjusted
***Please do not put the answers in an Excel spreadsheet with the total's showing incorrect formulas instead of the totals. I don't know if it is a copy and paste issue, however everytime an answer like that is given I have to reask the question because the Excel Sheet did not paste correctly. If this happens again I will have to report this answer to Bartleby as not being properly answered and request an additional questions. ***
DEBITS
CASH $14,500
ACCOUNTS RECEIVABLE 7,000
LAND 67,000
BUILDING 72,000
OFFICE EQUIPMENT 24,000
DIVIDENDS 10,000
ADVERSITING EXPENSE 900
PROPERTY TAX EXPENSE 700
SALARIES EXPENSE 13,300
TELEPHONE EXPENSE 600
DEPRECIATION EXPENSE: OFFICE EQUIPMENT 250
TOTAL $210,450
CREDITS
ACCUMULATED DEPRECIATION: OFFICE EQUIPMENT 750
NOTES PAYABLE 81,000
ACCOUNTS PAYABLE 10,000
COMMON STOCK 50,000
RETAINED EARININGS 11/1/27 46,100
COMMISSIONS EARNED 22,000
TOTAL $210,450
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