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The following is the Bravo Unlimited adjusted Trial Balance. Bravo Unlimited Adjusted Trial Balance December 31, 2016 Account Title Debit Credit Cash $88,450 Accounts Receivable 333,700 Supplies 15,255 Prepaid Rent 9,000 Equipment 295,285 Accumulated Depreciation $235,760 Accounts Payable 73,555 Wages Payable 12,000 Capital Stock 220,000 Retained Earnings 111,145 Service Revenue 902,105 Interest Income 1,500 Rent Expense […]
A company makes lenses for telescopes. Because the company will only sell lenses of the highest quality, the normal spoilage during a reporting period is 1,000 units. At the beginning of the current reporting period, the company had 2,200 units in inventory, and during the period, production was started and completed on 4,000 units. Units […]
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