Following are Butler Realty Corporations accounts, identified by number. The company has been in the real estate

Question:

Following are Butler Realty Corporation€™s accounts, identified by number. The company has been in the real estate business for ten years and prepares financial statements monthly. Following the list of accounts is a series of transactions entered into by Butler. For each transaction, enter the number(s) of the account(s) affected.
Accounts __________________________________________________________________
1. Cash 4. Office Supplies
2. Accounts Receivable 5. Automobiles
3. Prepaid Rent 6. Accumulated Depreciation
7. Land 14. Commissions Revenue
8. Accounts Payable 15. Office Supply Expense
9. Salaries and Wages Payable 16. Rent Expense
10. Income Tax Payable 17. Salaries and Wages Expense
11. Notes Payable 18. Depreciation Expense
12. Capital Stock, $10 par 19. Interest Expense
13. Paid-In Capital in Excess of Par 20. Income Tax Expense
Following are Butler Realty Corporation€™s accounts, identified b
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: