Question: Using the information from the Adjusted Trial Balance, answer the questions below. Input your selection from the multiple choice options. Dust Devil Accounting Specialists, Inc.

 Using the information from the Adjusted Trial Balance, answer the questions
below. Input your selection from the multiple choice options. Dust Devil Accounting

Using the information from the Adjusted Trial Balance, answer the questions below. Input your selection from the multiple choice options. Dust Devil Accounting Specialists, Inc. Adjusted Trial Balance For the year ended 31 December DEBITS CREDITS Cash 9,600 Accounts Receivable 3,200 Prepaid Expenses 1,600 Equipment 9,600 Accumulated Depreciation 4,800 Accounts Payable 3,200 Notes Payable (due in 2 years) 5,800 Common Stock 3,200 Retained Earnings, 1 JAN balance 5,100 Dividends 1,300 Fees Earned 9,800 Wages Expense 2,700 Rent Expense 1,600 Utilities Expense 500 Depreciation Expense 1,300 Miscellaneous Expense 500 31,900 31,900 1. Net Income for the period is: 4. Determine Current Assets. A 9,800 A 20,800 B 3,200 B 16,000 C-6,600 C 14,400 D-1,300 D 9,600 E None of the above. E None of the above. 2. Determine the retained earnings ending balance. 5. Determine total liabilities A 7.000 A 22,100 B 3,800 B 3,200 C-2,800 C 5,800 D 13,600 D 8,000 E None of the above. E None of the above. 3. Determine total assets. 6. Determine the Current ratio. A 28.800 A 2.31 B 31,900 B 1.60 C24,000 6.50 RA N Dom D Blackboard X Co Wages Expense 2,700 Rent Expense 1,600 Utilities Expense 500 Depreciation Expense 1,300 Miscellaneous Expense 500 31,900 31,900 1. Net Income for the period is: 4. Determine Current Assets. A 9,800 A 20,800 B 3,200 B 16,000 C-6,600 C 14,400 D-1,300 D 9,600 E None of the above. E None of the above. 2. Determine the retained eamings ending balance. 5. Determine total liabilities. A 7,000 A 22.100 B 3,800 B 3,200 C2,800 C 5,800 D 13,600 D 8,000 E None of the above. E None of the above. 3. Determine total assets 6. Determine the Current ratio A 28,800 2.31 8 31,900 B 1.60 C24,000 C 6.50 D 19,200 D 4.50 E None of the above. E None of the above Input your answer to Question 1 Input A, B, C, D, or E. DO NOT enter amounts. Input your answer to Question 2. Input A, B, C, D. or E. DO NOT enter amounts. Input your answer to Question 3. Input A, B, C, D, or E. DO NOT enter amounts. Input your answer to Question 4. Input A, B, C, D, or E. DO NOT enter amounts. input your answer to Question 5. Input A, B, C, D, or E. DO NOT enter amounts. Input your answer to Question 6. Input A, B, C, D, or E DO NOT enter amounts

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