Equipment 15,261 Accumulated Depreciation 5,388 Accounts Payable 1,599 Notes Payable 5,961 Common Stock 1,000 Retained Earnings 7,993 Dividends 728 Fees Earned 7,503 Wages Expense 2,855 Rent Expense 763 Utilities Expense 441 Depreciation Expense 173 Miscellaneous Expense 64 Totals 29,444 29,444 Determine the total assets. Oa. $8,993 Ob. $29,444 Oc. $19.032 Od. $24,420

Instructions This assignment is designed for practicing both the retailer/merchandiser accounting cycle and your basic excel skills. Below are select sales transactions for two companies. You will need to enter the missing pieces of each transaction on the journal entry tab. Each missing piece of information is highlighted in yellow. The only cell where an actual number is to be input is on the journal entries worksheet. Please note: not every yellow cell requires input (it could be left blank if appropriate). After completing the journal entries, you must then complete the missing pieces of the T accounts, trial balance, and statements highlighted in yellow. Only excel functions may be used to calculate the appropriate cell value on these pages. DO NOT INPUT THE ACTUAL NUMBER INTO THE T ACCOUNTS, TRIAL BALANCE, OR STATEMENTS. Use excel functions (such as making a cell equal another from the journal entry page, summing numbers together, or using the plus or minus symbols to help you…

Cash       $59,000      $23,500      Accounts receivable       43,000      25,500      Inventory       50,000      29,500      Prepaid expenses       18,500      34,000      Long-term investments       0      42,000      Equipment       97,500      45,500      Accumulated depreciation—equipment       (45,000)     (27,500)         Total assets       $223,000      $172,500      Liabilities and Stockholder's Equity Accounts payable       $42,000      $19,500      Bonds payable       48,500      70,000      Common stock       65,000      35,500      Retained earnings       67,500      47,500          Total liabilities and stockholders' equity       $223,000      $172,500        Additional information: 1.   Net income for the year ending December 31, 2022 was $47,500. 2.   Cash dividends of $27,500 were declared and paid during the year. 3.   Long-term investments that had a cost of $42,000 were sold for $26,500.…

Accounts payable $281,700 Prepaid insurance $6,800 Property and equipment 672,500 Contributed capital 380,600 Cost of service expense 183,600 Other revenue 114,100 Supplies inventory 216,900 Deferred revenue 83,600 Service revenue 904,000 Depreciation expense 57,750 Bonds payable 229,600 Accounts receivable 607,550 Interest receivable 4,300 Rent expense 30,500 Retained earnings 187,400 Cash 351,340 Notes payable 356,040 Accrued liabilities 23,400 Investments 146,400 Prepaid rent 11,200 Accumulated depreciation 128,900 Administrative and general expense (includes interest, utilities, etc.) 64,300 Supplies expense 336,200 Income tax payable 0 Based on the following data for Checkmate Company, prepare a Statement of Retained Earnings and demonstrate that the accounting equation remains in balance after the retained earnings account has been updated. (Assume that the…