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Debit Credit Account Title $26,100 Accounts Payable Accounts Receivable $52,200 50,000 Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Depreciation Expense 79,000 90,000 100,000
Debit Credit Account Title $26,100 Accounts Payable Accounts Receivable $52,200 50,000 Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Depreciation Expense 79,000 90,000 100,000 25,000 10,000 150,000 21,500 1,800 40,000 Dividends Equipment Income Tax Expense Interest Expense Inventory Note Payable 80,000 Patent Prepaid Rent Rent Expense 41,000 15,000 20,000 Retained Earnings 52,000 355,000 Service Revenue Supplies 8,000 18,500 Supplies Expense Unearned Revenue 25,000 Utility Expense Wages Expense Wages Payable 12,000 90,000 6,000 Total $684.100 equired: epare the following financial statements 2016. Multi-step income statement Classified balance sheet (Ending retained earnings $108,200) (20 points)
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