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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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