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Allen Rides is owned by Jason Allen. The company has an August 31 fiscal year end and prepares adjustments on an annual basis. The

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Allen Rides is owned by Jason Allen. The company has an August 31 fiscal year end and prepares adjustments on an annual basis. The following is an alphabetical list of its accounts at August 31, 2024, before adjustments. All accounts have normal balances. Accounts payable $5,860 Accounts receivable 7,150 Accumulated depreciation-equipment 26,000 Accumulated depreciation-vehicles 175,500 Cash 9,150 Equipment 41,200 Fuel expense 24,200 Interest expense 9,660 J. Allen, capital 105,110 J. Allen, drawings 140,800 162.000 Notes payable Prepaid insurance 12.480 23,030 Rent expense

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