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Ch2--Answers to be submitted in Canvas Use the data to set up a Trial Balance...

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Accounting

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Ch2--Answers to be submitted in Canvas Use the data to set up a Trial Balance and answer the 5 questions. DEALOR A Cash 1$33,000D Accounts receivable 50 000 1. Total credits S A Supplies + 1,500 D 2. Building/Equipments A Prepaid rent 3,000 D 3. Net income $ Building & Equipment 4. Ending retained earnings $ L Accounts payable 14,000 5. Total Assets Salaries payable 28,000 L Interest payable 4,000 Deferred revenue 12,000 L Notes payable 325,000 SE Common stock 200,000 SE Retained earnings 191,000 Dividends 6,500 R Service revenue 450,000 E Salaries expense 241,000 E Rent expense 15,000 E Interest expense 5,000 E Supplies expense 1,000 F Utilities expense 6,500 E Advertising expense 102,000

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