Question
Kaya Company prepared the following random list of assets, liabilities, revenues, and expenses from its December 31, 2019 accounting records. The beginning balance of Capital
Kaya Company prepared the following random list of assets, liabilities, revenues, and expenses from its December 31, 2019 accounting records. The beginning balance of Capital as of January 1, 2019, was $43,100 and the owner, Kaya Strong withdrew 14,600 during the year. Prepare the balance sheet for Kaya Company as of December 31, 2019.
Accounts receivable $15,700 Service revenue $50,500
Interest expense 4,900 Cash 97,500
Supplies 1,500 Note payable 17,000
Accounts payable 106,100 Salary expense 18,000
Utilities expense 5,200 Interest payable 1,600
Furniture 18,000 Rent expense 9,400
Salary payable 2,400 Automobiles 12,900
Land 23,000
Kaya Company prepared the following random list of assets, liabilities, revenues, and expenses from its December 31, 2019 accounting records. The beginning balance of Capital as of January 1, 2019, was $43,100 and the owner, Kaya Strong withdrew 14,600 during the year. Prepare the balance sheet for Kaya Company as of December 31, 2019.
Accounts receivable $15,700 Service revenue $50,500
Interest expense 4,900 Cash 97,500
Supplies 1,500 Note payable 17,000
Accounts payable 106,100 Salary expense 18,000
Utilities expense 5,200 Interest payable 1,600
Furniture 18,000 Rent expense 9,400
Salary payable 2,400 Automobiles 12,900
Land 23,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started