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Need help figuring out which sections the amounts go in Ausets Balance Sheet For the year ended December Liabilities name Account Service Revenue Notes Payable
Need help figuring out which sections the amounts go in
Ausets Balance Sheet For the year ended December Liabilities name Account Service Revenue Notes Payable Accounts Prepaid Cash Amount Supplies Salaries Payable Prepaid Interest Pay Equipment Date Description Beginning Balances, January 1st Year : December 31st Adjustments Recorders that has accrued on the note to be paid in case your Recordinuare expense for the time lapsed on the one-year inance policy 12.470 11.034 Apricot pe at the end of the year as one third of the supplies were med Record depreciationerne for the event. estimated to serve as with alge value d 2017 Recome for the more that there rady has been word 12.124 Employees tuve worked for huil a month December + 16. December the current year but we padella 15. see the transaction on December 15th for the amount for a month Ending Balances, December 31 Year! 17.00 Stockholders' Equity Amount Common Stock Retained Eamines Account Title Enter Expenses as Positive Numbers! Income Statement Revenue EN Net Income Statement of Cash Flows Amount Activity Date Description Beginning Balances, January 1st Year 1 December at Adjustments Record interest that has accrued on the note to be paid in cash on Feb 1 next year 4,434 b Record insurance expense for the time lapsed on the one year insurance policy 12,470 c A physical count of supplies at the end of the year reveals one third of the supplies were used 11,034 d Mecord depreciation expense for the equipment estimated to have a useful life of seven years with no salvage value 29,120 12.124 Record rentgense for the months that the storage facility has been ved Employees have worked for half a month December 16. December 31) in the current year but won't be paid until January 15, Hint: See the transaction on December 15th for the mount for all month of pey Ending Balances, December 31st Year 1 17005 Step by Step Solution
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