CUMULATIVE REVIEW PROBLEM: CHAPTER 4 The purpose of this problem is to provide an opportunity to review both new concepts in the current chapter and major concepts in previous chapters. This cumulatice recieuw should assist you in integrating accounting concepts and preparing for exams Use the following data for the next 3 questions: Joy Company reports these account balances at December 31, 2011 after closing entries have been made: Accounts Payable Land Equipment Cash Accounts Receivable 65,000 62,000 88,000 50,000 0,000 50,000 110,000 80,000 75,000 20,000 Buildings Common Stock Retained Eamings Unearned Revenue On January 1, 2012. Joy collected $20,000 of its accounts receivable, paid $10,000 of accounts I. In a trial balance prepared at December 31, 2011, the total of the debit column is: 2. After recording the January 1., 2012 transactions, in a trial balance prepared at January 1,2012, 3. After recording the January 1, 2012 transactions, on January l balance at