Answer Happy

What is the Trial Balance on the debit side (TB) for thiscompany at the end of the period? (Assuming your debit side andcredit side are equal)
What is your Net Income in the Income Statement?
What is the Retained Earnings (RE) balance at the end of theperiod?
What is the total asset in the Balance Sheet at the end of theperiod?
What is the total liability in the Balance Sheet at the end ofthe period?
Enter Name Corporation opened the year 20X6, with the following trial balance information: Cash Accounts Receivable Land Accounts Payable Loan Payable Capital Stock Retained Earnings Dividends Revenues Salaries Expense Rent Expense Supplies Expense Interest Expense $ 4,050,000 3,375,000 3,825,000 $ 11,250,000 $ 2,700,000 1,350,000 2,250,000 4,950,000 $11.250,000
GENERAL JOURNAL Date Jan. 2 Jan. 5 Jan. 7 Jan. 9 Jan. 10 Accounts Purchased additional tract of land for $900,000 cash. Collected $450,000 on an open account receivable. Borrowed $267,000 on a term loan payable. Provided services on account to a customer for $675,000. Paid salaries of $135,000. Debit 0 0 0 0 Credit 0 0 0 0 0
Jan. 12 Jan. 15 Jan. 16 Jan. 18 Jan. 21 Provided services to customers for cash, $495,000. Purchased (and used) office supplies on account, $14,000. Collected $360,000 on accounts receivable. Paid salaries of $210,000. Paid rent of $450,000. 0 0 0 0 0 0 0 0 0 0
Jan. 25 Jan. 28 Dividends Cash Jan. 31 Paid $675,000 on the open accounts payable. Jan. 31 The company paid shareholders a $225,000 dividend. Paid interest of loans of $45,000. Repaid loans of $270,000. 0 0 0 0 0 0 0 0