Question
table[[,Debit,Credit],[Cash, $19,100 ,],[Accounts receivable,10,200,],[Inventory,15,620,],[Prepaid rent,480,],[Equipment,16,705,1,800],[Accumulated depreciation-equipment,,4,100],[Accounts payable,765,],[Unearned service revenue,,10,300],[Common stock,,33,050],[Retained earnings,,],[Dividends,9,600,129,600],[Sales revenue,,],[Rent expense,15,760,],[Cost of goods sold,71,650,],[Salaries and wages expense,15,900,],[Tax expense,4,600,],[ , Total, $179,615_() , $179,615_()
\\\\table[[,Debit,Credit],[Cash,
$19,100,],[Accounts receivable,10,200,],[Inventory,15,620,],[Prepaid rent,480,],[Equipment,16,705,1,800],[Accumulated depreciation-equipment,,4,100],[Accounts payable,765,],[Unearned service revenue,,10,300],[Common stock,,33,050],[Retained earnings,,],[Dividends,9,600,129,600],[Sales revenue,,],[Rent expense,15,760,],[Cost of goods sold,71,650,],[Salaries and wages expense,15,900,],[Tax expense,4,600,],[
, Total,
$179,615_(),
$179,615_() 
Net income for the year is: $7,490 $17,090 $21,690
\\\\table[[,Debit,Credit],[Cash,
$19,100,],[Accounts receivable,10,200,],[Inventory,15,620,],[Prepaid rent,480,],[Equipment,16,705,1,800],[Accumulated depreciation-equipment,,4,100],[Accounts payable,765,],[Unearned service revenue,,10,300],[Common stock,,33,050],[Retained earnings,,],[Dividends,9,600,129,600],[Sales revenue,,],[Rent expense,15,760,],[Cost of goods sold,71,650,],[Salaries and wages expense,15,900,],[Tax expense,4,600,],[
,Total,
$179,615_(),
$179,615_() Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Handbook Of Key Global Financial Markets Institutions And Infrastructure
Authors: Gerard Caprio
1st Edition
0123978734, 9780123978738
