Use the following to answer questions J&T Corporation has provided their trial balance at the end...

  

Transcribed Image Text:

Use the following to answer questions J&T Corporation has provided their trial balance at the end of January. Credits Cash Accounts receivable Supplies Prepaid expenses Buildings/Equipment, net Notes payable Common stock Retained Earnings Dividends Accounts payable Income tax payable Utilities payable Deferred revenue Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense Totals 33. $ 30. $ 31. $ 32. $ 34. S Debits $45,000 62,000 400 5,000 1,400,000 456,000 12,000 123,000 2,100 63,200 18,000 26,000 $2,260.700 $2,260,700 Based on the data provided in the trial balance find the following: 28. S 29. $ 48,000 $5,200 24,500 3,000 7,000 Determine Total Liabilities 250,000 750,000 369,000 Determine Total Assets. 852,000 Determine Total expenses. Determine Net income Determine Beginning Retained Earnings) Determine Ending Retained Earnings Determine Total Stockholders' Equity 35. $ At the beginning of January, the company had $600,000 in its common stock account. How much stock was issued during January? Use the following to answer questions J&T Corporation has provided their trial balance at the end of January. Credits Cash Accounts receivable Supplies Prepaid expenses Buildings/Equipment, net Notes payable Common stock Retained Earnings Dividends Accounts payable Income tax payable Utilities payable Deferred revenue Service revenue Salaries expense Insurance expense Advertising expense Supplies expense Depreciation expense Rent expense Utilities expense Totals 33. $ 30. $ 31. $ 32. $ 34. S Debits $45,000 62,000 400 5,000 1,400,000 456,000 12,000 123,000 2,100 63,200 18,000 26,000 $2,260.700 $2,260,700 Based on the data provided in the trial balance find the following: 28. S 29. $ 48,000 $5,200 24,500 3,000 7,000 Determine Total Liabilities 250,000 750,000 369,000 Determine Total Assets. 852,000 Determine Total expenses. Determine Net income Determine Beginning Retained Earnings) Determine Ending Retained Earnings Determine Total Stockholders' Equity 35. $ At the beginning of January, the company had $600,000 in its common stock account. How much stock was issued during January?

Answer rating: 100% (QA)

28 Total expenses Salaries expense Insurance expense Advertising expense Supplies expense Rent expen... View the full answer