Question: Can someone help me answer the following questions using the journal entries (the first picture). I got some answers but I want to be 100%





Can someone help me answer the following questions using the journal entries (the first picture). I got some answers but I want to be 100% with someone.











JOURNAL ENTRIES ADJUSTING ENTRIES JAN 1 CASH 20,000.00 SHARE CAPITAL 20,000.00 11 SUPPLIES EXPENSE 650.00 SUPPLIES JAN 1 SUPPLIES 650.00 800.00 ACCOUNTS PAYABLE 800.00 12 RENT EXPENSE 1,750.00 JAN 1 TRUCK PREPAID RENT 10,000.00 1,750.00 CASH 10,000.00 13 SALARIES EXPENSE 3,600.00 SALARIES PAYABLE JAN 15 PREPAID RENT 3,600.00 4,200.00 CASH 4,200.00 14 DOUBTFUL ACCOUNTS EXPENSE 280.00 MAR 31 ACCCOUNTS RECEIVABLE ALLOWANCE FOR DOUTBFUL ACCOUNTS 280.00 28,000.00 REVENUE 28,000.00 15 DEPRECIATION 1,000.00 MAR 31 OPERATING EXPENSES ACCUMULATED DEPRECIATION 12,500.00 1,000.00 ACCOUNT PAYABLE 12,500.00 16 INTEREST EXPENSE 250.00 MAR 31 CASH INTEREST PAYABLE 250.00 24,000.00 ACCOUNTS RECEIVABLE 24,000.00 TOTAL 129,030.00 129,030.00 ACCOUNTS PAYABLE 9,000.00 CASH 9,000.00 MAR 31 CASH 10,000.00 NOTE PAYABLE 10,000.00 DIVIDENDS 3,000.00 CASH 3,000.00Trial Balance - What is the total Debits/Credits amount at 6/30/20207 $27,800 $67,430 $129,030 OtherProfit and Loss - What is the amount for Net Income? $6,970 O $17,790 $7,970 O Net Loss $7,970Balance Sheet - What is the Net Realizable Value of Accounts Receivable? (Total Accounts Receivable) $4,000 O $280 O $150 $3,720accounts) Balance Sheet - What is the correct ending balance for Retained Earnings? (remember to adjust for temporary O $4,000 $4,970 $3,000 O $7,970Statement of Cash Flows - What is the Cash At the End of the Period? $17,000 $19,800 $27,800 O -$9,000Journal - What is the total amount of debits/credits for your journal entries? $129,030 $1,290,300 $17,560,000 $300
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