Question
Cash 6,100 Laundry Supplies 9,560 Prepaid Insurance 8,490 Laundry Equipment 105,100 Accumulated Depreciation Laundry Equipment 40,200 Accounts Payable 6,100 Mortgage Payable 10,000 Capital Stock 6,000
Cash 6,100
Laundry Supplies 9,560
Prepaid Insurance 8,490
Laundry Equipment 105,100
Accumulated
Depreciation Laundry Equipment 40,200
Accounts Payable 6,100
Mortgage Payable 10,000
Capital Stock 6,000
Retained Earnings 1-1-2003 31,800
Dividends 2,000
Laundry Revenue 170,900
Wages Expense 61,400
Rent Expense 36,000
Utilities Expense 10,000
Insurance Expense 13,650
Miscellaneous Expense 12,700
Total 265,000 265,000
Prepare and income statement, retained earnings statement and balance statement for Steve
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