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Equipment $ 13 600 Service revenue $ 11 200 Supplies 900 Accounts receivable 6 200 Note payable 6 900 Accounts payable 3 000 Rent expense
| Equipment | $ 13 600 | Service revenue | $ 11 200 | ||
| Supplies | 900 | Accounts receivable | 6 200 | ||
| Note payable | 6 900 | Accounts payable | 3 000 | ||
| Rent expense | 550 | Wilson, capital, June 1, 2019 | 4 950 | ||
| Cash | 2 900 | Salary expense | 1 900 | ||
| Wilson, drawing | 0 | ||||
| Requirements | |||||
| 1. | Prepare the balance sheet of the business at June 30, 2019. | ||||
| 2. | What does the balance sheet report - financial position or operating results? | ||||
| 3. | Which financial statement reports the other accounts listed for the business? | ||||
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Digging For Disclosure Tactics For Protecting Your Firms Assets From Swindlers, Scammers, And Imposters
Authors: Kenneth S. Springer, Joelle Scott
1st Edition
0131385569, 9780131385566
