Question: What is answer for question d nce for Prime Inc at the end of its accoa order instead of how they would norm accounting, period.
nce for Prime Inc at the end of its accoa order instead of how they would norm accounting, period. (Note The mormally be listed.) Prime Inc Adjusted Trial Balancem Fot Year Ended December 31, 2011 Accumulated Depreciation- building Allowance for doubtful accounts Debit 21.000 24,500 20,000 1,200 Bad debt expense Cash Common shares Cost of goods sold Depreciation expense Dividends dec 140,000 500 26,100 10,000 180,000 5,000 5,000 nsu Income tax expense Inventory 2,000 17,000 15,000 e expense 6,000 Prepaid expenses Retained earnings, Jan 1, 2011 77,300 320,000 4,000 3,000 2,600 Sales revenue Taxes Unearned Revenne Wages Payable Wages expense pay 459,100 459.100 4 20 Required: (YOU MUST SHOW CALCULATIONS.) Retained earnings Dec 31, 2011 is 71.300-S 04 me- a. b. The amount of Current Liabilities at Dec. 31, 2011 c. The amount of Net Accounts Receivable at Dec. 31, 2011 d. Inventory balance at Jan. 1, 2011 was $14,00. During 2011, the firm purchased inventory of
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