Deborah Consultants Had the Following Accounts and Account Balances After

question 143

Essay

Deborah Consultants had the following accounts and account balances after adjusting entries.Assume all accounts have normal balances.Calculate the amount of service revenue and prepare the adjusted trial balance for Deborah Consultants as of December 31,2017.
$\begin{array}{lll}\text { Cash } & \$ 6,000 \text { Dividends } & \$ 3,000 \\\text { Accounts Receivable } & 2,000 \text { Service Revenue } & ? \\\text { Office Supplies } & 1,800 \text { Salaries Expense } & 4,000 \\\text { Equipment } & 15,000 \text { Rent Expense } & 800\end{array}$ $\begin{array}{lcc}\text { Accumulated Depreciation - } & 9,000& \text { Depreciation Expense - }& 1,500 \\\text { Equipment } && \text { Equipment } & \\\text { Common Stock } & 15,000& \text { Supplies Expense }&500\end{array}$

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Definitions:

Electronic Control

The use of electronic devices or systems to regulate the operation of machines or processes, enhancing efficiency, accuracy, and safety.

Calibration

The process of adjusting and verifying the accuracy of a measuring instrument by comparison with a standard.

Significance Test

A statistical procedure used to test if the observed results significantly differ from what was expected under the null hypothesis.

T Test Statistic

A value used in hypothesis testing, calculated from sample data, to assess the compatibility of the sample with a null hypothesis concerning the mean.