Question
On December 31, Diaz Co. had the following list of accounts. Additional Resources Accounts Payable$ 53,300 Ending Capital$ 63,500 Accounts Receivable41,500 Legal Expense4,200 Advertising Expense6,800
On December 31, Diaz Co. had the following list of accounts.
Additional Resources
Accounts Payable$
53,300
Ending Capital$
63,500
Accounts Receivable41,500
Legal Expense4,200
Advertising Expense6,800
Prepaid Rent19,600
BeginningCapital52,600
Rent Expense7,500
Cash47,200
Service Revenue50,100
Deferred Revenue7,700
Supplies16,200
Drawing16,800
Supplies Expense3,900
Required:
Prepare abalance sheeton December 31, classifying and ordering all balance sheet accounts in the proper sections.
Diaz CompanyBalance SheetDecember 31Assets(Choose one)
Accounts Payable
Accounts Receivable
Advertising Expense
Beginning Capital
Capital
Cash
Consulting Revenue
Deferred Revenue
Drawing
Entertainment Expense
Legal Expense
Maintenance Expense
Net Income
Prepaid Rent
Rent Expense
Service Revenue
Supplies
Supplies Expense
Travel Expense
Utilities Expense
Total Assets
Liabilities(Choose one)
Accounts Payable
Accounts Receivable
Advertising Expense
Beginning Capital
Capital
Cash
Consulting Revenue
Deferred Revenue
Drawing
Entertainment Expense
Legal Expense
Maintenance Expense
Net Income
Prepaid Rent
Rent Expense
Service Revenue
Supplies
Supplies Expense
Travel Expense
Utilities Expense
Total Liabilities
Owner's Equity(Choose one)
Accounts Payable
Accounts Receivable
Advertising Expense
Beginning Capital
Capital
Cash
Consulting Revenue
Deferred Revenue
Drawing
Entertainment Expense
Legal Expense
Maintenance Expense
Net Income
Prepaid Rent
Rent Expense
Service Revenue
Supplies
Supplies Expense
Travel Expense
Utilities Expense
Total Owner's Equity
Total Liabilities and Owner's Equity
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
