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I need help finding the revenue and expenses: ASSETS Indiana Jones, Inc. Summary of Account Balances 1/1/2005 (Beginning Balances) Accounts Balances Cash 90,000 Short-term Investments
I need help finding the revenue and expenses:
ASSETS Indiana Jones, Inc. Summary of Account Balances 1/1/2005 (Beginning Balances) Accounts Balances Cash 90,000 Short-term Investments Accounts Receivable 35,000 Allowance for Doubtful Accounts (8,000) Interest Receivable Office Supplies 2,000 Merchandise Inventory 32,000 Prepaid Insurance 40,000 Land 50,000 Building 300,000 Accumulated Depreciation -- Building (60,000) Equipment 400,000 Accumulated Depreciation -- Equipment (50,000) Intangible Asset -- Patent 25,000 Accounts Payable 40,000 Salaries Payable 25,000 Income Taxes Payable 35,000 Unearned Revenue 35,000 Dividends Payable 20,000 Interest Payable 22,500 Notes Payable 300,000 Common Stock 100,000 Additional Paid-in Capital 180,000 Retained Earnings 98,500 LIABILITIES EQUIT REVENUES Sales Revenue Sales Discounts Sales Allowances Service Revenue Interest Income Cost of Goods Sold Advertising Expense Office Supplies Expense Salaries Expense Utilities Expense Insurance Expense Bad Debt Expense Depreciation Expense Amortization Expense Miscellaneous Expense Interest Expense Income Tax Expense Totals EXPENSES ASSETS Indiana Jones, Inc. Summary of Account Balances 1/1/2005 (Beginning Balances) Accounts Balances Cash 90,000 Short-term Investments Accounts Receivable 35,000 Allowance for Doubtful Accounts (8,000) Interest Receivable Office Supplies 2,000 Merchandise Inventory 32,000 Prepaid Insurance 40,000 Land 50,000 Building 300,000 Accumulated Depreciation -- Building (60,000) Equipment 400,000 Accumulated Depreciation -- Equipment (50,000) Intangible Asset -- Patent 25,000 Accounts Payable 40,000 Salaries Payable 25,000 Income Taxes Payable 35,000 Unearned Revenue 35,000 Dividends Payable 20,000 Interest Payable 22,500 Notes Payable 300,000 Common Stock 100,000 Additional Paid-in Capital 180,000 Retained Earnings 98,500 LIABILITIES EQUIT REVENUES Sales Revenue Sales Discounts Sales Allowances Service Revenue Interest Income Cost of Goods Sold Advertising Expense Office Supplies Expense Salaries Expense Utilities Expense Insurance Expense Bad Debt Expense Depreciation Expense Amortization Expense Miscellaneous Expense Interest Expense Income Tax Expense Totals EXPENSESStep by Step Solution
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