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Instructions: Re-Organize the accounts in order of Liquidation Accounts Receivable Accounts Payable Accumulated Depreciation-Equipment Advertising Expense Cash Cost of Goods Sold 11,100 10,600 $
Instructions: Re-Organize the accounts in order of Liquidation Accounts Receivable Accounts Payable Accumulated Depreciation-Equipment Advertising Expense Cash Cost of Goods Sold 11,100 10,600 $ 18,000 12,000 $ 14,500 363,400 Depreciation Expense 9,000 Equipment 95,000 Freight Out 7,600 $ Insurance Expense 4,500 F Interest Expense 3,600 B Interest Revenue 2,500 Inventory 0 Notes Payable 1 Owner's Capital 2 Owner's Drawings 29,000 25,000 81,000 12,000 23 Prepaid Insurance 2,500 24 Rent Expense 24,000 25 Salaries and Wages Expense 56,000 26 Sales Discounts 5,000 27 Sales Returns and Allowances 6,700 28 Sales Revenue 536,800 29 Utilities Expense 18,000 30 31 $ 673,900 $ 673,900
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