Deborah Consultants Had the Following Accounts and Account Balances After

question 218

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 31,2019.
$$\begin{array} { | l | r| } \hline \text { Cash } & \$ 6,000 \\\hline \text { Accounts Receivable } & 2,000 \\\hline \text { Office Supplies } & 1,800 \\\hline \text { Equipment } & 15,000 \\\hline \text { Accumulated Depreciation--Equipment } & 9,000 \\\hline \text { Deborah, Capital } & 3,000 \\\hline \text { Deborah, Withdrawals } &15,000 \\\hline \text { Service Revenue } & ? \\\hline \text { Salaries Expense } & 4,000 \\\hline \text { Rent Expense } & 800\\\hline \text { Depreciation Expense--Equipment } &1,500\\ \text { Supplies Expense } &500 \\\hline\end{array}$$

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Definitions:

Price-Earnings Ratio

A financial metric that evaluates a company's current share price relative to its per-share earnings, indicating market expectations and stock valuation.

Dividends Per Share

The amount of dividend that a company pays out for each outstanding share of its common stock.

Dividend Yield

A financial metric indicating the annual dividends a company distributes compared to its stock price.

Earnings Per Share

A financial ratio that indicates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company's profitability.