Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Cash 6,500 Notes Payable 85,000 Accounts Receivable 1,200 John Smith, Drawing 10,000 Supplies 400 John Smith, Capital 36,000 Prepaid Insurance Expense 800 Fees Earned 28,150

Cash 6,500 Notes Payable 85,000
Accounts Receivable 1,200 John Smith, Drawing 10,000
Supplies 400 John Smith, Capital 36,000
Prepaid Insurance Expense 800 Fees Earned 28,150
Land 10,000 Wages Expense 5,000
Buildings 150,000 Insurance Expense 1,200
Accumulated Depreciation 30,000 Rent Expense 1,500
Accounts Payable 350 Interest Expense 250
Wages Payable 6,800 Utilities Expense 700
Unearned Revenue 1,400 Miscellaneous Expense 150

What is the total amount of expenses?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Fundamentals Of Business Mathematics In Canada

Authors: F. Ernest Jerome, Jackie Shemko

3rd Edition

1259370151, 978-1259370151

Students also viewed these Accounting questions