Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Find Current assets Debit $ 48, s 153, e Accounts payable Accounts receivable Accumulated depreciation, Accumulated depreciations Cash Depreciation expense Equipment Franchise Gas and

Please Find
Current assets
image text in transcribed

Debit $ 48, s 153, e Accounts payable Accounts receivable Accumulated depreciation, Accumulated depreciations Cash Depreciation expense Equipment Franchise Gas and Oil expense interest expense Interest payable equ ipment truck 14, 900 19,500 21, 500 8,000 500 Land not currently used in business Long-term notes payablel Notes payable, due February I, 2024 Notes receivable2 Intangible asset Prepaid rent Rent expense Repair revenue Repair supplies Repair supplies expense Truck Unearned repair revenue Vic Sopik, capital Vic Sopik, withdrawals Totals operations 492 $469, 7, eoo 7, 500 14, 500 51, 500 271, 13, 600 29, 500 26, 500 800 $469, 1S5,500 of the long-term note payable is due during the year ended March 31, Credit 31, 9,500 21,500 800 36, ooe 13,100 78, 900 2024. Debit $ 48, s 153, e Accounts payable Accounts receivable Accumulated depreciation, Accumulated depreciations Cash Depreciation expense Equipment Franchise Gas and Oil expense interest expense Interest payable equ ipment truck 14, 900 19,500 21, 500 8,000 500 Land not currently used in business Long-term notes payablel Notes payable, due February I, 2024 Notes receivable2 Intangible asset Prepaid rent Rent expense Repair revenue Repair supplies Repair supplies expense Truck Unearned repair revenue Vic Sopik, capital Vic Sopik, withdrawals Totals operations 492 $469, 7, eoo 7, 500 14, 500 51, 500 271, 13, 600 29, 500 26, 500 800 $469, 1S5,500 of the long-term note payable is due during the year ended March 31, Credit 31, 9,500 21,500 800 36, ooe 13,100 78, 900 2024.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bank Management Text And Cases

Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson

3rd Edition

ISBN: 0471621781, 978-0471621782

More Books

Students also viewed these Accounting questions

Question

Determine miller indices of plane X z 2/3 90% a/3

Answered: 1 week ago

Question

7 Explain the equity theory of motivation.

Answered: 1 week ago