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Select one: include employee advances. can be accounts receivable or notes receivable. do not result from the operations of the business. O occur when two
Select one: include employee advances. can be accounts receivable or notes receivable. do not result from the operations of the business. O occur when two companies trade or exchange notes receivables. The following is a list of accounts and their balances (all normal balances) as of July 31, 2022 for Ling Chan Inc. All adjusting entries have been prepared and posted. Note that t list is in random order. Cash............. $35,300 Utilities expense. 800 Accounts receivable... 16,000 Prepaid insurance. 5,000 Service revenue...... 24,600 Supplies.......... 1,500 *** 3,600 Rent expense. . Accumulated depreciation-Equipment.... Accounts payable........... Deferred revenue................. 3,200 11,000 *** 9,800 27,000 Common shares.... Retained earnings........... Dividends declared. Equipment..... 17,000 . 1,000 20,000 Salaries expense Depreciation expense... 8,200 1,200 Select one: include employee advances. can be accounts receivable or notes receivable. do not result from the operations of the business. O occur when two companies trade or exchange notes receivables. The following is a list of accounts and their balances (all normal balances) as of July 31, 2022 for Ling Chan Inc. All adjusting entries have been prepared and posted. Note that t list is in random order. Cash............. $35,300 Utilities expense. 800 Accounts receivable... 16,000 Prepaid insurance. 5,000 Service revenue...... 24,600 Supplies.......... 1,500 *** 3,600 Rent expense. . Accumulated depreciation-Equipment.... Accounts payable........... Deferred revenue................. 3,200 11,000 *** 9,800 27,000 Common shares.... Retained earnings........... Dividends declared. Equipment..... 17,000 . 1,000 20,000 Salaries expense Depreciation expense... 8,200 1,200
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