The accounts of Greatbrook Company prior to the year-end adjustments follow. Adjusting data at the end of the year include which of the following? a. Unearned service revenue that has been earned, $1,620 b. Accrued service revenue, $32,000 c. Supplies used in operations, $3,600 d. Accrued salary expense, $3,200 e. Prepaid insurance expired, $1,200 f. Depreciation expense-building, $2,500 Rorie Lacourse, the principal stockholder, has received an offer to sell Greatbrook Company. He needs to know the following information within one hour: a. Net income for the year covered by these data b. Total assets c. Total liabilities d. Total stockholders equity e. Prove that Total assets = Total liabilities + Total stockholders equity after all items are updated. Requirement 1. Without opening any accounts, making any journal entries, or using a work sheet, provide Mr. Lacourse with the requested information. The business is not subject to incometax.
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