The following items are taken from the financial statements of the Freight Service for the year ending December 31, 2020: $ 19,000 13,000 26,000 21,200 15,000 88,000 11,000 12,000 3,800 72,000 7,200...


The following items are taken from the financial statements of the Freight Service for the<br>year ending December 31, 2020:<br>$ 19,000<br>13,000<br>26,000<br>21,200<br>15,000<br>88,000<br>11,000<br>12,000<br>3,800<br>72,000<br>7,200<br>Accounts payable<br>Accounts receivable<br>Accumulated depreciation - equipment<br>Advertising expense<br>Cash<br>Owner's capital (1/1/20)<br>Owner's drawings<br>Depreciation expense<br>Insurance expense<br>Note payable, due 6/30/21<br>Prepaid insurance (12-month policy)<br>Unearned revenue<br>Rent expense<br>Salaries and wages expense<br>Service revenue<br>12,200<br>15,000<br>32,000<br>134,000<br>5,000<br>6,000<br>210,000<br>Supplies<br>Supplies expense<br>Equipment<br>At what amount will the balance sheet balance at 12/31/20?<br>(You must show all computations.)<br>

Extracted text: The following items are taken from the financial statements of the Freight Service for the year ending December 31, 2020: $ 19,000 13,000 26,000 21,200 15,000 88,000 11,000 12,000 3,800 72,000 7,200 Accounts payable Accounts receivable Accumulated depreciation - equipment Advertising expense Cash Owner's capital (1/1/20) Owner's drawings Depreciation expense Insurance expense Note payable, due 6/30/21 Prepaid insurance (12-month policy) Unearned revenue Rent expense Salaries and wages expense Service revenue 12,200 15,000 32,000 134,000 5,000 6,000 210,000 Supplies Supplies expense Equipment At what amount will the balance sheet balance at 12/31/20? (You must show all computations.)

Jun 11, 2022
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