Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BATAM Unit 1 Activity 8 Assignment #1- Teleki Consulting Kristian Teleki operates a consulting service for businesses wanting to open stores in new locations.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

BATAM Unit 1 Activity 8 Assignment #1- Teleki Consulting Kristian Teleki operates a consulting service for businesses wanting to open stores in new locations. The business's general ledger had the following balances for the fiscal year ended April 30, 2021. Bank Accounts Receivable Allowance for Doubtful Acc. Debit Credit 22,720 13,200 510 Prepaid Insurance 5,150 Prepaid Copier Rental 720 Supplies 3,670 Land 15,000 Building 85,000 Accumulated Amortization-Building 8,000 Office Furniture 26.700 Accumulated Amortization-Office Furniture 10,000 Equipment 20.000 Accumulated Amortization -Equipment 14.200 Line of Credit 10.500 Accounts Payable 9,200 Loan Payable 15,700 Mortgage Payable 82,000 K. Teleki, Capital 17,520 K. Teleki, Drawings A 24,000 Consulting Fees 75,900 Business Taxes 1.800 Utilities 1,470 Office Expense 6.700 960 Copier Rental Expense Salaries 16.440 243.530 243,530 Additional informations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Examination

Authors: W. Steve Albrecht, Conan C. Albrecht, Chad O. Albrecht, Mark F. Zimbelman

3rd edition

324560842, 978-0324560848

More Books

Students also viewed these Accounting questions