Can somebody answer these questions?

3. ABC Co. had the following adjusted trial balance at year-end December 31, 20X3: Debit Credit Cash. 80,000 Accounts receivable. 41,000 Income tax payable. 12,000 Dividends payable. 8,600 Common stock. 70,000 Retained earnings. 21,000 Service fees revenue. 92,000 Salaries expense 50,000 Income tax expense. 12,600 Dividends. 20,000 Total. 203.600 203,600 Net income for the year ended December 31, 20X3 is a. $29,400 O b. $9,400 OD c. $50,400 d. $20,8004. ABC Co. had the following adjusted trial balance at year-end December 31, 20X3: Debit Credit Cash. 80,000 Accounts receivable. 41,000 Income tax payable. 12,000 Dividends payable.. 8,600 Common stock. 70,000 Retained earnings. 21,000 Service fees revenue. 92,000 Salaries expense.. 50,000 Income tax expense 12,600 Dividends. 20,000 Total. 203.600 203,600 The retained earnings balance at December 31, 20X3 is a. $41,800 b. $21,000 c. $30,400 d. $51,4005. XYZ Co, sustained a net loss of $250,000 for the year-ended December 31, 20X7. Which of the following entries would have been made in the closing process? O a. Retained earnings. 250,000 Expenses ..... 250,000 O b. Expenses ...... 250,000 Retained earnings. 250,000 O c. Income summary 250,000 Retained earnings. 250,000 250,000 O d. Retained earnings...... Income summary.. 250,0006. Davis Co. borrowed $100,000 on November 1, 20X1, signing a note payable bearing interest at 3% per year. The note payable will be paid off with interest on March 1, 20X2. Davis Co.'s fiscal year-end is December 31. If Davis Co. adjusts its books monthly, what adjusting entry is needed on November 30, 20X1? O a. Debit: Interest expense.. 3,000 Credit: Interest payable.. 3,000 O b. Debit: Interest expense... 1.000 Credit: Interest payable.. 1,000 Debit: Interest expense.. 250 Credit: Interest payable. . 250 O d. Debit: Interest expense. 250 Credit: Cash. 2507. Before adjusting entries were made, the unadjusted income of Vine Co. was $100,000 for the month-ended January 31, 20X9. Vine Co. makes adjusting entries monthly and has a December 31 fiscal year-end. The following accounts were included in Vine Co.'s unadjusted trial balance on January 31, 20X9: Prepaid rent.........$6,000 (This $6,000 represents prepaid rent for the first 6 months of 20X9.) Office supplies.....$3,000 (A count at January 31, 20X9 showed supplies on hand of $1,200.) Vine Co.'s customers had not yet been billed for $11,000 for work performed and completed in January 20X9. No income tax expense had been recorded in January 20X9. What is Vine Co.'s adjusted net income after tax for the month ended January 31, 20X9, assuming a tax rate of 25%? a. $81,600 O b. $77,400 c. $108,200 d. $81,1508. Card Co, purchased equipment for $112,000 on January 2, 20X2 with an estimated 8- year useful life and a $4,000 estimated salvage value. Card Co. uses straight-line depreciation and adjusts its books monthly. On June 30, 20X2, how will this equipment be reported in the statement of financial position? Equipment.... $112,000 O a. Less: Accumulated depreciation (6.750) Equipment (net). $105,250 Equipment...... $1 12,000 O b. Less: Accumulated depreciation. (13,500) Equipment (net). $98,500 Equipment..... $1 12,000 O c. Less: Accumulated depreciation (7,000) Equipment (net). ..... $105,000 Equipment...... $1 12,000 O d. Less: Accumulated depreciation. (14,000) Equipment (net). $98,0009. On June 10, 20X7, Davis Co. billed clients $26,000 for services performed earlier in the month. Davis Co. expects to collect in early July 20X7. Using accrual accounting, the June 10, 20X7 entry is: Q a. Debit: Cash. 26,000 Credit: Service fees revenue.. 26,000 b Debit: Cash........ 26,000 Credit: Unearned service fees revenue. 26,000 C. Debit: Accounts receivable. 26.000 Credit: Unearned service fees revenue. . 26,000 O d. Debit: Accountsreceivable. 26,000 Credit: Service fees revenue. 26,00010. On June 10, 20X7, Davis Co. collected $26,000 for services performed and billed during the previous month of May 20X7. Using accrual accounting, the June 10, 20X7 entry is: a Debit: Cash. 26,000 Credit: Accounts receivable. 26,000 Ob. Debit: Accountsreceivable. 26,000 Credit: Service fees revenue. 26,000 . Debit: Cash.. 26,000 Credit: Service fees revenue.. 26,000 Od. Debit: Cash. 26,000 Credit: Unearned service fees revenue. 26,00011. On June 10, 20X7, Davis Co. collected $26,000 from a client for services to be rendered during the following month of July 20X7. No entries relative to the work to be performed had been made prior to June 10, 20X7. Using accrual accounting, the June 10, 20X7 entry is: O a. Debit: Cash.. 26,000 Credit: Accounts receivable. 26,000 Ob. Debit: Cash. .26,000 Credit: Unearned service fees revenue. 26,000 c. Debit: Cash 26,000 Credit: Service fees revenue. 26,000 Od. Debit: Accounts receivable... 26,000 Credit: Unearned service fees revenue. 26,00012. Lemon Co. had office supplies on hand on September 30, 20X7 of $8,000, based on a physical count. The unadjusted trial balance shows an office supplies account balance at September 30, 20X7 of $11,000. Lemon Co. adjusts its accounts monthly. What adjusting entry is needed on September 30, 20X7 for office supplies? a Debit: Office supplies.. 3,000 Credit: Office supplies expense. . 3.000 b. Debit: Office supplies expense.. 3,000 Credit: Cash. 3,000 c. Debit: Office supplies expense.. 3,000 Credit: Office supplies. 3,000 Od. Debit: Office supplies expense. 11,000 Credit: Office supplies.. 11,000