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3. The following T-accounts for WXY Inc. are given. For the year-end depreciation has been journaled. No other adjusting entries have been made so far.
3. The following T-accounts for WXY Inc. are given. For the year-end depreciation has been journaled. No other adjusting entries have been made so far. Fill in the blanks. PP&E Bank 575,000 Depreciation 118.000 A/P Misc OB OB 75.000 AR 15,000.00 Inventory 32.000 Retums outward A/P Payments OB 8,000 47.740 OB 50.000 Purchases Purchases 65,000 Returns Equity lOB 700,000 AVR Profit 17,000 Received payments. OB Sales 188,020 Sales 49,980 Cash at hand 8.000 Misc. OB 5.260 Misc. PnL 500 Revenue Rent income 3,000 Misc 3,000 Cost of good sold Payroll Office supplies Depreciation Payroll expense 15,000 15.000 Bank 4.000 75,000 Office supplies expenser 4,000 Cash Balance Sheet PP&E 500,000 Equity 9,000 A/P 134.000 VAT payable Inventory AR Rent income Misc. Bank 3.000 Cash at hand VAT Receivable Purchases 12.350 Retums outward Office supplies 760 VAT payable ISales
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