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The adjusted trial balance for PI Detectives reported the following account balances: AccountsReceivable $500; Supplies $9,000; Prepaid Insurance $7,200; Equipment $28,000; Accumulated Depreciation—Equipment $4,000; Accounts Payable $200; Unearned Revenue $5,000;Notes Payable $3,000; Common Stock $22,000; Retained Earnings $5,700; Dividends $3,000;Service Revenue $33,800; Salaries and Wages Expense $20,000; and Depreciation Expense$1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cashbalance

The adjusted trial balance for PI Detectives reported the following account balances: AccountsReceivable $500; Supplies $9,000; Prepaid Insurance $7,200; Equipment $28,000; Accumulated Depreciation—Equipment $4,000; Accounts Payable $200; Unearned Revenue $5,000;Notes Payable $3,000; Common Stock $22,000; Retained Earnings $5,700; Dividends $3,000;Service Revenue $33,800; Salaries and Wages Expense $20,000; and Depreciation Expense$1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cashbalance

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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The adjusted trial balance for PI Detectives reported the following account balances: Accounts
Receivable $500; Supplies $9,000; Prepaid Insurance $7,200; Equipment $28,000; Accumulated Depreciation—Equipment $4,000; Accounts Payable $200; Unearned Revenue $5,000;
Notes Payable $3,000; Common Stock $22,000; Retained Earnings $5,700; Dividends $3,000;
Service Revenue $33,800; Salaries and Wages Expense $20,000; and Depreciation Expense
$1,000. Prepare an adjusted trial balance as of December 31, and solve for its missing Cash
balance

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