Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data Dr Cr Cash 40000 Account Receivable 2,800 Office supplies (10,300 Car 36300 Accumulated Depreciation 280 Unearned revenue 2500 Account payable 1,400 1200 Salary payable

image text in transcribed
Data Dr Cr Cash 40000 Account Receivable 2,800 Office supplies (10,300 Car 36300 Accumulated Depreciation 280 Unearned revenue 2500 Account payable 1,400 1200 Salary payable Capital 50000 Withdrew 2800 Revenue 42000 4,300 Salaries Expenses Electric & Water Expenses Insurance Expenses 600 280 Total 97,380 97,380 Other data consists of the following: 1. Paid Rent expenses in advance amount 10,000 to the holder of a building 2. There are 2,480 supplies on hand on December 31. 3. Monthly depreciation on the equipment is 280 4. The company has earned revenue of 3,000 belong for the next 3years and for this year 1000 5. The company did service for2.400 not paid yet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Accounting A Book For Beginners To Learn Financial Accounting Basics

Authors: Tilly Maureens

1st Edition

8411278309, 979-8411278309

More Books

Students also viewed these Accounting questions