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Comprehensive Accounting Cycle Review 6 On December 1, 2017, Blue Spruce Corp. had the account balances shown below. Debits Credits Cash $4,810 Accumulated DepreciationEquipment $1,550
Comprehensive Accounting Cycle Review 6
On December 1, 2017, Blue Spruce Corp. had the account balances shown below.
Debits | Credits | |||||
Cash | $4,810 | Accumulated DepreciationEquipment | $1,550 | |||
Accounts Receivable | 3,740 | Accounts Payable | 3,150 | |||
Inventory (3,300 x $0.60) | 1,980 | Common Stock | 9,900 | |||
Equipment | 22,700 | Retained Earnings | 18,630 | |||
$33,230 | $33,230 |
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