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Version 7 Assignment: Custom Duct Cleanin Cleaning Inc. cleans ducts for residential and commerical buildings. You have been working for the company tion a few years ago and have been promoted to be their accounting manager The opening balances for the month of January 2016 are as follows. Custom Duct Cleaning Inc. Balance Sheet As at December 31, 2015 Accounts Receivable Office Supplies Office Furniture Accumulated Depreciation-Furniture Liabilitie $13,800 Accounts Payable $7,600 Interest Payable $13,700 $110 $18,400 $32,210 $510 Bank Loan $14,800 Total Liabilities $280 Shareholders' Equity $38,500 Common Shares $3,500 Retained Earnings $71,430 Total Liabilities & Shareholders' Equity $12,000 $27,220 $71,430 Accumulated Depreciation-Truck Total Assets The Chart of Accounts (GL no.) is shown below Account Description Account # Account Description Account # ASSETS REVENUE Sales Revenue Service Revenue EXPENSES Bank Charges Expense Cost of Goods Sold Depreciation Expense Gas Expense Insurance Expense Interest Expense Internet Expense Office Supplies Expense Rent Expense Salaries Expense Telephone Expense Accounts Receivable Prepaid Insurance Office Supplies nventor 505 Office Furniture Accumulated Depreciation-Furniture Accumulated Depreciation-Truck LIABILITIES Accounts Payable Interest Payable Bank Loan SHAREHOLDERS' EQUITY 550 Common Shares Retained Earnings 305 Income Summar Version 7 Assignment: Custom Duct Cleanin Cleaning Inc. cleans ducts for residential and commerical buildings. You have been working for the company tion a few years ago and have been promoted to be their accounting manager The opening balances for the month of January 2016 are as follows. Custom Duct Cleaning Inc. Balance Sheet As at December 31, 2015 Accounts Receivable Office Supplies Office Furniture Accumulated Depreciation-Furniture Liabilitie $13,800 Accounts Payable $7,600 Interest Payable $13,700 $110 $18,400 $32,210 $510 Bank Loan $14,800 Total Liabilities $280 Shareholders' Equity $38,500 Common Shares $3,500 Retained Earnings $71,430 Total Liabilities & Shareholders' Equity $12,000 $27,220 $71,430 Accumulated Depreciation-Truck Total Assets The Chart of Accounts (GL no.) is shown below Account Description Account # Account Description Account # ASSETS REVENUE Sales Revenue Service Revenue EXPENSES Bank Charges Expense Cost of Goods Sold Depreciation Expense Gas Expense Insurance Expense Interest Expense Internet Expense Office Supplies Expense Rent Expense Salaries Expense Telephone Expense Accounts Receivable Prepaid Insurance Office Supplies nventor 505 Office Furniture Accumulated Depreciation-Furniture Accumulated Depreciation-Truck LIABILITIES Accounts Payable Interest Payable Bank Loan SHAREHOLDERS' EQUITY 550 Common Shares Retained Earnings 305 Income Summar