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Question
Shown below are selected data taken from the unadjusted and adjusted trial balances for the Simonson Company for the current year ended December 31. Determine the items A through H below.
| SIMONSON COMPANY Trial Balances December 31 | ||||
| Account | Unadjusted Trial Balance | Adjusted Trial Balance | ||
| Debit | Credit | Debit | Credit | |
| Cash | 10,000 | (A) | ||
| Accounts receivable | 88,270 | 90,770 | ||
| Office supplies | 700 | (B) | ||
| Prepaid insurance | (C) | 2,500 | ||
| Office equipment | 49,600 | (D) | ||
| Accumulated depreciation Office equipment | (E) | 10,260 | ||
| Accounts payable | 36,400 | 36,400 | ||
| Salaries payable | 0 | 2,700 | ||
| Common stock | (F) | 40,000 | ||
| Retained earnings | 36,370 | |||
| Revenue earned | (G) | 542,500 | ||
| Advertising expense | 15,000 | 15,000 | ||
| Depreciation expense Office equipment | 0 | 2,160 | ||
| Insurance expense | 0 | 4,300 | ||
| Office supplies expense | 0 | 480 | ||
| Rent expense | 28,500 | 28,500 | ||
| Salaries expense | 462,000 | (H) | ||
Answer
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