What was the total revenues for the Kramer Legal Practice? 

What was the total expenses for the Kramer Legal Practice? 

What was the net income for the Kromer Legal Practice? 

What was the amount of funds taken out of the business for personal use by the owner? 

What was the owner's capital balance on December 31st as per the Owner's equity statement? 

What is the amount of the total asset on the balance sheet on December 31, 2021? 

What was the owner's capital balance on the balance sheet on December 31, 2021? 

What is the total amount of liabilities on the balance sheet? 

What is the total amount of liabilities and owner's equity on the balance sheet on December 31 , 2021?

 

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The adjusted trial balance of Kramer's Legal Practice appears below: KRAMER'S LEGAL PRACTICE Adjusted Trial Balance Cash Accounts receivable Office supplies Office equipment Acc depreciation-office equip Computer equipment Acc depreciation-computer equip Accounts payable Unearned revenue H. Kramer, capital H. Kramer, drawings Service earned Office supplies expense Depreciation expense Rent expense What Debit Credit $6,400 1,200 1,800 8,000 6,000 2,500 $2,500 1,500 6,000 3,000 12,400 5,500 600 2,500 1,900 $30,900 $30,900 4 The adjusted trial balance of Kramer's Legal Practice appears below: KRAMER'S LEGAL PRACTICE Adjusted Trial Balance Cash Accounts receivable Office supplies Office equipment Acc depreciation-office equip Computer equipment Acc depreciation-computer equip Accounts payable Unearned revenue H. Kramer, capital H. Kramer, drawings Service earned Office supplies expense Depreciation expense Rent expense What Debit Credit $6,400 1,200 1,800 8,000 6,000 2,500 $2,500 1,500 6,000 3,000 12,400 5,500 600 2,500 1,900 $30,900 $30,900 4

Answer rating: 100% (QA)

To answer your questions lets analyze the information provided in the adjusted trial balance of Kramers Legal Practice 1 Total Revenues The total reve... View the full answer