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Prepare financial statements for Clip'em Cliff for the year ended August 31, 2019 ACCOUNT DEBIT CREDIT Cash 35275 Accounts receivable 2500 interest receivable 350 supplies
Prepare financial statements for Clip'em Cliff for the year ended August 31, 2019
ACCOUNT | DEBIT | CREDIT |
Cash | 35275 | |
Accounts receivable | 2500 | |
interest receivable | 350 | |
supplies | 250 | |
equipment | 45000 | |
Accumulated Depreciation equipment | 2500 | |
Accounts payable | 5500 | |
Unearned revenue | 2100 | |
income tax payable | 3400 | |
common stock | 70,000 | |
dividends | 150 | |
interest revenue | 350 | |
service revenue | 10300 | |
supplies expense | 50 | |
depreciation expense equipment | 2500 | |
income tax expense | 3400 | |
salaries expense | 4600 | |
utility expense | 75 | |
Total | $94150 | $94,150 |
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