Question: Hello, I need help with the following accounting exercise. Question 4 The following is the Bravo Unlimited adjusted Trail Balance. Bravo Unlimited Adjusted Trial Balance

Hello, I need help with the following accounting exercise.

Question 4

The following is the Bravo Unlimited adjusted Trail Balance.

Bravo Unlimited

Adjusted Trial Balance

December 31, 2016

Account Title

Debit

Credit

Cash

$88,450

Accounts Receivable

330,000

Supplies

9,255

Prepaid Rent

12,000

Equipment

295,285

Accumulated Depreciation

$238,760

Accounts Payable

78,555

Wages Payable

15,000

Capital Stock

220,000

Retained Earnings

111,145

Service Revenue

895,105

Interest Income

1,500

Rent Expense

64,500

Wages Expense

542,260

Supplies Expense

42,520

Depreciation Expense

167,095

Dividends

8,700

_________

Totals

$1,560,065

$1,560,065

What are the dollar values that will appear in Bravo Unlimited year end financial statements for the following line items: (For any Net Loss the dollar value must be enclosed in brackets and do not use a minus sign.)

1. Total Current Assets

2. Total Quick Assets

3. Total Current Liabilities

4. Net Income or (Net Loss)

5. Retain Earnings

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