5.4 DIY Balance Sheet PRACTICE Assignment Given the following information for Jane Brown, lawyer, calculate the value of J. Brown, Capital as of December 31, 2022: 1) Identify all the Asset, and find the total Asset value. Identify all the Liabilities, and find the Total Liabilities value. Use the Fundamental Accounting Equation to calculate the value of J. Brown, Capital. Item Value Accounts Payable 2, 300 Cash in Bank 14, 500 Accounts Receivable 3, 400 Law Book Library 8, 500 GST Payable 550 GST Recoverable 268 Prepaid Rent 2, 500 Office Supplies 765 Bank Loan (2 year) 3, 400 Office Equipment 15, 400 Salaries Payable 1, 200

Array intends to allocate her savings into various types of financial investments. She has $184,100 to invest in stocks, bonds, and mutual funds according to her chosen 10 2 10 ratio 779 investment? Round your answers to the nearest dollar. Stocks: $ Bonds: $ respectively. How much should she invest in each type of Mutual Funds: $

Please show their ending capital balances. Thank you

Prepare closing entries. (Use Operating Expenses for Expenses) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order displayed in the problem statement.) Date Account Titles and Explanation Oct. 31 Sales Revenue Oct. 31 Oct. 31 Income Summary (To close revenue account) Income Summary Depreciation Expense Salaries and Wages Expense (To close expense accounts) Income Summary Retained Earnings (To transfer net income/(loss)) Oct. 31 Retained Earnings Cash Dividends (To close cash dividends to retained earnings) Debit 462500 383740 78760 1400 Credit 462500 3900 379840 78760 1400