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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
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
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