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Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records.
Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment $ 594 2941 894 294 194 194 294 3,194 Income Tax Expense 294 Interest Revenue 94 Notes Payable (long-term) 194 Notes Payable (short-term) 494 Prepaid Rent 94 Rent Expense 394 Retained Earnings 1,494 Salaries and Wages Expense 2,194 Service Revenue 6,182 Supplies 494 Supplies Expense 194 Travel Expense 2,594
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