balances 1-1-2020 cash 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 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 Amount (S) 21000 11000 4000 22000 2000 6000 11000 34000 5000 600 45200 6900 3200 1500 10700 2200 1100 2900 answers:
balances 1-1-2020 cash 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 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 Amount (S) 21000 11000 4000 22000 2000 6000 11000 34000 5000 600 45200 6900 3200 1500 10700 2200 1100 2900 answers:
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
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Transcribed Image Text:balances 1-1-2020
cash
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
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
Amount (S)
21000
11000
4000
22000
2000
6000
11000
34000
5000
600
45200
6900
3200
1500
10700
2200
1100
2900
answers:
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