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The adjusted trial balance for PI Detectives reported the following account balances: Accounts Receivable $430; Supplies $8,300; Prepaid Insurance $6,500; Equipment $24,500; Accumulated Depreciation $3,300; Accounts Payable $130; Deferred Revenue $4,300; Notes Payable $2,300; Common Stock $18,500; Retained Earnings $5,000; Dividends $2,300; Service Revenue $30,300; Salaries and Wages Expense $16,500; and Depreciation Expense $1,000. Problem 1: Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance.
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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