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Cash Accounts receivable 31-May Dr. Cr. $17,500 1,500 Office supplies 150 Office Equipment 16,350 Accounts payable 4,300 Salaries Payable 500 Common stock 21,075 Retained
Cash Accounts receivable 31-May Dr. Cr. $17,500 1,500 Office supplies 150 Office Equipment 16,350 Accounts payable 4,300 Salaries Payable 500 Common stock 21,075 Retained earnings 5,600 Dividends 5,000 Revenues Earned 22,800 Rent expense 11,400 Advertising expense 200 Office salaries expense 1,200 Office supplies expense 525 Interest expense 450 Totals $54,275 $54,275
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