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Homework answers / question archive / Presented below is an adjusted trial balance for Cowell Company, at December 31, 2019 Cash €20,000 Accounts payable €10,000 Accounts receivable 18,000 Notes payable 9,000 Prepaid insurance 15,000 Acc

Presented below is an adjusted trial balance for Cowell Company, at December 31, 2019 Cash €20,000 Accounts payable €10,000 Accounts receivable 18,000 Notes payable 9,000 Prepaid insurance 15,000 Acc

Accounting

Presented below is an adjusted trial balance for Cowell Company, at December 31, 2019 Cash €20,000 Accounts payable €10,000 Accounts receivable 18,000 Notes payable 9,000 Prepaid insurance 15,000 Acc. depreciation--Equipment 3,000 equipment 14,000 Sales Revenues 32,000 Depreciation expense 7,000 Service revenue 10,000 Dividends 8,000 Retained earnings 15,000 Advertising expense 1,200 Unearned service revenue 12,000 Rent expense 800 Share capital-ordinary 12,000 Salaries and wages expense 5,000 Insurance expense 2.000 Cost of goods Sold Total €103,000 12.000 €103,000 Required Prepare closing entries for December 31, 2019.1 Prepare Classified Statement of Balance Sheet 2

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