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Accounts Debit Credit Cash $ 156,500 Accounts Recieveable 116,650 Allowance for Doubtful Accounts $ 51,250 Supplies 2,950 Prepaid Insurance 1,700 Building 260,000 Equipment 125,000 Land
Accounts | Debit | Credit | |
Cash | $ 156,500 | ||
Accounts Recieveable | 116,650 | ||
Allowance for Doubtful Accounts | $ 51,250 | ||
Supplies | 2,950 | ||
Prepaid Insurance | 1,700 | ||
Building | 260,000 | ||
Equipment | 125,000 | ||
Land | 111,500 | ||
Accumulated Depreciation | 167,000 | ||
Investment in Bonds held to Maturity | 24,000 | ||
Accounts Payable | 5,650 | ||
Current Maturity of Note Payable | 3,000 | ||
Note Payable | 170,000 | ||
Unearned Revenue | 12,000 | ||
Interest Payable | 1,500 | ||
Salaries Payable | 1,950 | ||
Common stock | 49,100 | ||
Retained earnings | 100,000 | ||
Service Revenue | 488,700 | ||
Advertising Expense | 6,000 | ||
Depreciation Expense | 55,600 | ||
Insurance Expense | 15,800 | ||
Interest Expense | 1,800 | ||
Rent Expense | 6,700 | ||
Salaries Expense | 155,000 | ||
Supplies Expense | 2,200 | ||
Travel Expense | 550 | ||
Utilities Expense | 6,200 | ||
Loss on Sale of Equipment | 2,000 | ||
Total | $ 1,050,150 | $ 1,050,150 |
Compute a multi step income statement
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