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Question 3: Given the following year-end balances December 31, 2019 for Interior design Company. Accounts Debit Credit Interest Expense $2,000 Victor, Capital, January 1, 2015
Question 3: Given the following year-end balances December 31, 2019 for Interior design Company. Accounts Debit Credit Interest Expense $2,000 Victor, Capital, January 1, 2015 $112,100 Depreciation Expense 5,200 Cash 26,900 Accounts Payable 3,300 Rent Expense 7,200 Accumulated Depreciation 23,500 Land held aside for investment 84,000 Prepaid Rent 1,400 Accounts Receivable 13,600 Salaries Payable 13,200 Equipment 63,000 Service Revenue 99,600 Prepaid Supplies 14,400 Note Payable due in 2018 50,000 Salaries Expense 24,800 Victor, Drawing 21,000 Patent 59,200 Unearned Revenue 21,000 $ Use the above information to calculate the following amounts Item Amount Net (loss) income Total current assets Total long-term investments Total property, plant and equipment Total intangible assets Total Asset Total current liabilities Total Long-term liabilities Owner's equity
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