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Set forth below is the trial balance for ST Lee Company as of December 31st, 2012, the end of the company's first fiscal year. Use
Set forth below is the trial balance for ST Lee Company as of December 31st, 2012, the end of the company's first fiscal year. Use the trial balance to calculate assets, liabilities, equity and income. Put your answers in the boxes below. Cr. Dr. 20,000 42,000 15,000 35,000 Cash Accounts Receivable Supplies Equipment Accounts Payable Salaries Payable Note Payable Common Stock Retained Earnings Dividends Service Revenue Wages Expense Rent Expense Supplies Expense Utilities Expense Insurance Expense Miscellaneous Expense 27,000 21,000 25,000 40,000 0 15,000 394,000 235,000 62,000 34,000 22,000 14,000 13,000 507,000 507,000 Assets: Liabilities: Equity: Income
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