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Credit Jassim Service Company Adjusted Trial Balance December 31 Debit Cash 17,500 Accounts receivable 16,000 Office supplies 9,000 Office equipment 28,000 Accumulated depreciation- Office equipment Long-term notes payable Jassim, Capital Jassim, Withdrawals 1,500 Fees earned Salaries expense 31,400 Rent expense 17,210 Depreciation expense-Office 1,750 equipment Office supplies expense 2,700 Totals $125,060 3,500 23,500 26.100 71,960 $125,060 Required. Given the above information nrenare the following: Click Save and Submit to save and submit. Click Save All Answers to save all answers. a. The necessary closing entries. Journal entry example: Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 b. What is the balance of Jassim, Capital in the post-closing trial balance? Lyou MUST show your calcu For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt EE V V P QUESTION 14 Prepaid expenses are usually initially recorded under liabilities account. Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 16 The following transactions occurred during July Received $2,200 cash investment from Barbara Hanson, the owner of the business Provided services to a customer on credit, $375, Received $1,250 cash from a customer for services to be rendered next year What was the amount of revenue for July? A. $2,575 O B. $3,825 O C. $1,625 O D. $375 Click Save and Submit to save and submit. Click Save All Answers to save all answers

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