Question
Cash $23,900 Accounts Receivable 13,600 Allowance for Uncollectible Accounts $1,400 Supplies 2,500 Notes Receivable (6%, due in 2 years) 20,000 Land 77,000 Accounts Payable 7,200
Cash | $23,900 |
|
Accounts Receivable | 13,600 |
|
Allowance for Uncollectible Accounts |
| $1,400 |
Supplies | 2,500 |
|
Notes Receivable (6%, due in 2 years) | 20,000 |
|
Land | 77,000 |
|
Accounts Payable |
| 7,200 |
Common Stock |
| 96,000 |
Retained Earnings |
| 32,400 |
Totals | $137,000 | $137,000
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started