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Presented below is the adjusted trial balance of De Young Corporation at December 31, 2014 Debits Credits Cash ? Office Supplies 2,640 Prepaid Insurance 2,200 Equipment Accumulated Depreciation - Equipment 105,600 8,800 Trademarks 2,090 Accounts Payable Salaries & Wages Payable 22,000 1,100 Unearned Service Revenue 4,400 Bonds Payable, Due 2019 19,800 Common Stock 22,000 Retained Earnings 55,000 Service Revenue 22,000 Salaries & Wages Expense 19,800 Insurance Expense 3,080 Rent Expense 2,640 Interest Expense 1,980 Total ? Net Loss for the Year was $5,500 No Dividends were declared during 2015

Presented below is the adjusted trial balance of De Young Corporation at December 31, 2014 Debits Credits Cash ? Office Supplies 2,640 Prepaid Insurance 2,200 Equipment Accumulated Depreciation - Equipment 105,600 8,800 Trademarks 2,090 Accounts Payable Salaries & Wages Payable 22,000 1,100 Unearned Service Revenue 4,400 Bonds Payable, Due 2019 19,800 Common Stock 22,000 Retained Earnings 55,000 Service Revenue 22,000 Salaries & Wages Expense 19,800 Insurance Expense 3,080 Rent Expense 2,640 Interest Expense 1,980 Total ? Net Loss for the Year was $5,500 No Dividends were declared during 2015

FINANCIAL ACCOUNTING
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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What is the cash amount?

Presented below is the adjusted trial balance of De Young Corporation at December 31, 2014 Debits Credits Cash ? Office Supplies 2,640 Prepaid Insurance 2,200 Equipment Accumulated Depreciation - Equipment 105,600 8,800 Trademarks 2,090 Accounts Payable 22,000 Salaries & Wages Payable 1,100 4,400 19,800 Unearned Service Revenue Bonds Payable, Due 2019 Common Stock 22,000 Retained Earnings 55,000 Service Revenue 22,000 Salaries & Wages Expense 19,800 Insurance Expense 3,080 Rent Expense 2,640 Interest Expense 1,980 Total ? Net Loss for the Year was $5,500 No Dividends were declared during 2015
Transcribed Image Text:Presented below is the adjusted trial balance of De Young Corporation at December 31, 2014 Debits Credits Cash ? Office Supplies 2,640 Prepaid Insurance 2,200 Equipment Accumulated Depreciation - Equipment 105,600 8,800 Trademarks 2,090 Accounts Payable 22,000 Salaries & Wages Payable 1,100 4,400 19,800 Unearned Service Revenue Bonds Payable, Due 2019 Common Stock 22,000 Retained Earnings 55,000 Service Revenue 22,000 Salaries & Wages Expense 19,800 Insurance Expense 3,080 Rent Expense 2,640 Interest Expense 1,980 Total ? Net Loss for the Year was $5,500 No Dividends were declared during 2015
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