Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. t of following trial balance related to abc compan

t of Following Trial Balance related to ABC Company for the year ended December 31,...

70.2K

Verified Solution

Question

Accounting

t of Following Trial Balance related to ABC Company for the year ended December 31, 2021: $ 1,500 Service revenue 10,000 Cash 11,000 4,000 10,000 5,000 LOUS PAGE Supplies Other operating expenses Accounts payable Accounts receivable Common stock Retained earnings (beginning) Select one: True Dividends Notes payable Equipment Using the above information, ABC Company Net income is $9000, the Closing balance of retained earnings is $8,000, and Total Assets are $30,500. False Time left 0:13:06 $19,000 15,000 6,000 1,000 9,500 NEXT PAGE
image
Following Trial Balance related to ABC Company for the year ended December 31, 2021: Using the above information, ABC Company Net income is $9000, the Closing balance of retained earnings is $8,000, and Total Assets are $30,500. Select one: True False

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Having an issue with question C. My answer continues to be incorrect. Thank you. McGriff Dog Food Company...

General Management
1.2K views

What are 7 or more key ways in which marketers (in hotels and other companies) could...

Basic Math
1.2K views

A random sample of 130 observations produced a mean of ????=36.1x¯=36.1 from a population with a...

Biology
1.2K views

which among the following ideas iS explicitly stated in the given lines O O O...

Geometry
1.2K views

19 Number of Colonies 500 400 300 10 20 Number of Bacteria Colonies versus Temperature...

Geometry
1.2K views

1 Find the surface area of the cylinder O 12 cm O 247 cm O...

Basic Math
1.2K views

Day AmountDayAmountDay Amount10 1.00165 70 1.01157 130 1.0216020 1.00329 80 1.01323 140 1.0232830 1.00494 90...

Statistics
1.2K views

Select one answer Rainfall and corn crop yield reported for the 38 years from 1890...

Algebra
1.2K views

OB 48 OC 72 96 OD 96 72 051 15 2 25 3 3 5...

Accounting
1.2K views

Suppose that a merchant spends a quarter of his capital in Pisa and a fifth...

Accounting
1.2K views

Upsilon Co. determined that microchips costing $9,000 were used to produce its X1700 document cameras...

Accounting
1.2K views

COOKIE & COFFEE CREATIONS INC. EXAMPLE: ...