Problem4b Multiple-Choice.doc

Based on the adjusted trial balance determine

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19. Based on the adjusted trial balance, determine Burduroglu Delivery Service's total liabilities on January 31. Burduroglu Delivery Service Adjusted Trial Balance January 31 Account Name Debits Credits Cash $6,625 Accounts Receivable $700 Supplies $225 Prepaid Insurance $1,000 Prepaid Rent $600 Accounts Payable $950 Wages Payable $300 Income Taxes Payable $135 Unearned Fees $850 Common Stock $3,300 Retained Earnings $3,600 Dividends $250 Fees Revenue $4,000 Supplies Expense $125 Insurance Expense $325 Rent Expense $600 Wages Expense $2,475 Telephone Expense $75 Income Taxes Expense $135 Totals $13,135 $13,135 A) $2,235 B) $6,915 C) $9,150 D) $6,625 E) $13,135 19
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20. Based on the adjusted trial balance, determine Burduroglu Delivery Service's total stockholders’ equity on January 31. Burduroglu Delivery Service Adjusted Trial Balance January 31 Account Name Debits Credits Cash $6,625 Accounts Receivable $700 Supplies $225 Prepaid Insurance $1,000 Prepaid Rent $600 Accounts Payable $950 Wages Payable $300 Income Taxes Payable $135 Unearned Fees $850 Common Stock $3,300 Retained Earnings $3,600 Dividends $250 Fees Revenue $4,000 Supplies Expense $125 Insurance Expense $325 Rent Expense $600 Wages Expense $2,475 Telephone Expense $75 Income Taxes Expense $135 Totals $13,135 $13,135 A) $2,235 B) $13,135 C) $9,150 D) $6,900 E) $6,915 20
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21. Determine the dollar amount of the Burduroglu Delivery Service’s total resources on January 31. Burduroglu Delivery Service Adjusted Trial Balance January 31 Account Name Debits Credits Cash $6,625 Accounts Receivable $700 Supplies $225 Prepaid Insurance $1,000 Prepaid Rent $600 Accounts Payable $950 Wages Payable $300 Income Taxes Payable $135 Unearned Fees $850 Common Stock $3,300 Retained Earnings $3,600 Dividends $250 Fees Revenue $4,000 Supplies Expense $125 Insurance Expense $325 Rent Expense $600 Wages Expense $2,475 Telephone Expense $75 Income Taxes Expense $135 Totals $13,135 $13,135 A) $2,235 B) $9,150 C) $6,915 D) $6,625 E) $13,135 21
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22. Determine the dollar amount of January 31 resources that the Burduroglu Delivery Service obtained through borrowing. Burduroglu Delivery Service Adjusted Trial Balance January 31 Account Name Debits Credits Cash $6,625 Accounts Receivable $700 Supplies $225 Prepaid Insurance $1,000 Prepaid Rent $600 Accounts Payable $950 Wages Payable $300 Income Taxes Payable $135 Unearned Fees $850 Common Stock $3,300 Retained Earnings $3,600 Dividends $250 Fees Revenue $4,000 Supplies Expense $125 Insurance Expense $325 Rent Expense $600 Wages Expense $2,475 Telephone Expense $75 Income Taxes Expense $135 Totals $13,135 $13,135 A) $2,235 B) $9,150 C) $6,915 D) $950 E) $1,385 22
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23. Determine the dollar amount of January 31 resources that the Burduroglu Delivery Service obtained from owners. Burduroglu Delivery Service Adjusted Trial Balance January 31 Account Name Debits Credits Cash $6,625 Accounts Receivable $700 Supplies $225 Prepaid Insurance $1,000 Prepaid Rent $600 Accounts Payable $950 Wages Payable $300 Income Taxes Payable $135 Unearned Fees $850 Common Stock $3,300 Retained Earnings $3,600 Dividends $250 Fees Revenue $4,000 Supplies Expense $125 Insurance Expense $325 Rent Expense $600 Wages Expense $2,475 Telephone Expense $75 Income Taxes Expense $135 Totals $13,135 $13,135 A) $13,135 B) $9,150 C) $3,300 D) $6,900 E) $6,915 23
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24. Determine the net dollar amount of resources that the Burduroglu Delivery Service generated through management operations in January.
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