balances 1-1-2020cashaccount receivablesuppliesequipment (purchased 1-1-2019)accumelated depreciationunearned service revenuesnote payable (12% issued 31-12-2019 for 3 years)shared capital balanceretained earningtransactions during 2020supplies purchased for cashservices performed (1/3 of it on account)salaries expense for cashrent expenses for cashutilities expense for cashadditional investment by owners for cashdividends paid for cashinformation relate to adjusting entries(31-12-2020)accrued salaries unpaidsupplies on hand 31-12-20202/3 of unearned service revenues become earneddo not forget adjusting entries for depreciation & interestanswer the following questions relate to 31-12-2020:(رقم الطالب الجامعي)your student id |what is the total debit on the trial balancewhat is the total credit on adjusted trial balancewhat is the total debit on after closing trial balancewhat is the total expenses that will appear in 2020 income statementwhat is the total revenues that will appear in 2020 income statementwhat is the net income for 2020what is the book value of equipmentwhat is the total assetswhat is the total liabilitieswhat is the ending retained earningswhat is the supplies unusedwhat is the supplies used during 2020what is the changes in equity during 2020what is the balance of income summary on 31/12/2020 before it is closedwhat is the beginning retained earningsAmount (S)250001100040002200020006000150003400050001100460006500360015009900260015002500answers:

Total Debit on the Trial Balance: The total debit on the trial balance is the sum of all the debit…

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 what is the total assets what is the total liabilities what is the ending retained earnings what is the supplies unused what is the supplies used during 2020 what is the changes in equity during 2020 what is the balance of income summary on 31/12/2020 before it is closed what is the beginning retained earnings

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 what is the total assets what is the total liabilities what is the ending retained earnings what is the supplies unused what is the supplies used during 2020 what is the changes in equity during 2020 what is the balance of income summary on 31/12/2020 before it is closed what is the beginning retained earnings

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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