Use the following information to answer the next ‘S questions The following balances were taken from the ADJUSTED TRIAL , BALANCE of Gus Corp . for…

Answer questions 18-21 please don’t understand the process and steps to get there.Use the following information to answer the next ‘S questionsThe following balances were taken from the ADJUSTED TRIAL , BALANCE of Gus Corp . for the Fiscal year ending December 31, 201220, 00 0Cash44.0.00Prepaid Rent*$32,000Accounts Receivable3,000Accumulated Depreciation – Equipment4, 000Equipment2, 0:00Interest Payable5. 500Accounts Payable6, 000Common Stock1, 000Wages Payable33. 500Dividends50, 000Retained EarningsService Revenue3.000Notes Payable , Due 5/1/20161, 00022, 500Rent Expense17, 000Interest Expense2, 000Depreciation Expense – Equipment1, 000Wages Expense3, 500Unearned Service Revenue*81The Adjusted Trial Balance has a total debit balance ofVB .$ 124, 500$ 1 12, 000$ 125, 50.0{ .$ 107, 500None of the above61The TOTAL , OWNERS’ EQUITY at the end of the year would be :`V$: 40, 000B .C .$ 65, 000$ 51, 500D.$ 64, 000E.None of the above20.The TOTAL LIABILITIES at the end of the year would be :"$ 28, 500B .$30.500C .$ 25, 500D.$ 22, 500E.None of the above21 .The TOTAL ASSETS at the end of the year would be :AL$ 92, 500B .$ 94. 500C .$93, 500D.$ 98, 000FNone of the above

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