Question - The following is the Bravo Unlimited adjusted Trail Balance.
|
Bravo Unlimited Adjusted Trial Balance December 31, 2016
|
|
Account Title
|
Debit
|
Credit
|
|
Cash
|
$83,450
|
|
|
Accounts Receivable
|
332,700
|
|
|
Supplies
|
10,255
|
|
|
Prepaid Rent
|
8,250
|
|
|
Equipment
|
295,285
|
|
|
Accumulated Depreciation
|
|
$235,260
|
|
Accounts Payable
|
|
72,555
|
|
Wages Payable
|
|
10,000
|
|
Capital Stock
|
|
220,000
|
|
Retained Earnings
|
|
111,145
|
|
Service Revenue
|
|
897,105
|
|
Interest Income
|
|
1,500
|
|
Rent Expense
|
63,250
|
|
|
Wages Expense
|
537,260
|
|
|
Supplies Expense
|
42,520
|
|
|
Depreciation Expense
|
163,595
|
|
|
Dividends
|
6,000
|
|
|
Totals
|
$1, 547,565
|
$1, 547,565
|
What are the dollar values that will appear in Bravo Unlimited year end financial statements for the following line items: (For any Net Loss the dollar value must be enclosed in brackets and do not use a minus sign.)1. Total Current Assets
2. Total Quick Assets
3. Total Current Liabilities
4. Net Income or (Net Loss)
5. Retain Earnings