Question
Nancy Jackson is the sole owner of Blossom Vista Park, a public camping ground near the Crater Lake National Recreation Area. Nancy has compiled the
Nancy Jackson is the sole owner of Blossom Vista Park, a public camping ground near the Crater Lake National Recreation Area. Nancy has compiled the following financial information as of December 31, 2022.
| Revenues during 2022camping fees | $198,268 | Fair value of equipment | $198,268 | |||
|---|---|---|---|---|---|---|
| Revenues during 2022general store | 92,053 | Notes payable | 84,972 | |||
| Accounts payable | 15,578 | Expenses during 2022 | 212,430 | |||
| Cash on hand | 32,573 | Accounts receivable | 24,783 | |||
| Original cost of equipment | 149,409 |
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
