Friday, 15 November 2019

T Corp has provided their accounts in alphabetical order. Use these accounts to answer the following

T Corp has provided their accounts in alphabetical order. Use these accounts to answer the following questions.
Accounts payable
$15,000
Accounts Receivable
26,000
Accumulated depreciation
75,000
Cash
20,000
Common stock
350,000
Depreciation expense
25,000
Dividends
60,000
Equipment
850,000
Deferred revenue
30,000
Notes payable
200,000
Rent expense
20,000
Retained earnings
189,100
Salaries expense
356,000
Service revenue
500,000
Supplies
200
Supplies expense
1,900
37. $__________ Total current assets
38. $__________Book value of the equipment
39. $__________Net income

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