VANISHING GAMES CORPORATION Trial Balance January 31,...
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Accounting
VANISHING GAMES CORPORATION
Trial Balance
January 31, 2021
Account Title
Debit
Credit
Cash
1,431,500
Accounts Receivable
212,500
Supplies
17,700
Land
1,200,000
Buildings
422,000
Equipment
908,000
Accounts Payable
113,350
Deferred Revenue
73,500
Notes Payable (long-term)
83,500
Common Stock
2,500,000
Retained Earnings
1,419,700
Service Revenue
395,000
Advertising Expense
10,000
Salaries and Wages Expense
378,000
Utilities Expense
5,350
Total
4,585,050
4,585,050
Use the dropdowns to select the accounts properly included on the classified balance sheet. You will need to determine and enter the balance of the Common Stock and Retained Earnings accounts in the Stockholders' Equity section.
VANISHING GAMES CORPORATION
Balance Sheet
At January 31, 2021
Assets
Current Assets
Cash
$1,431,500
Accounts Receivable
212,500
0
1,644,000
0
0
0
$1,644,000
$0
0
0
Calculate Net profit margin, expressed as a percent
Answer & Explanation
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