Question
Prepare balance sheet in report form from the following data for Kooper Co., taken from the ledger after adjustment on December 31, 2010 the end
Prepare balance sheet in report form from the following data for Kooper Co., taken from the ledger after adjustment on December 31, 2010 the end of the fiscal year. Accounts Payable $ 97,200 Accounts Receivable 64,300 Accumulated Depreciation - Office Equipment 72,750 Accumulated Depreciation - Store Equipment 162,100 Administrative Expenses 56,500 Maeve Kooper, Capital 81,750 Cash 53,000 Cost of Merchandise Sold 121,700 Maeve Kooper, Drawing 52,000 Interest Expense 12,000 Merchandise Inventory 93,250 Note Payable, Due 2012 154,000 Office Equipment 149,750 Prepaid Insurance 6,500 Rent Revenue 17,500 Salaries Payable 28,700 Sales (net) 365,500 Selling Expenses 41,500 Store Equipment 325,000 Supplies 4,000
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