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Tap Corporation gathered together the following information regarding the asset, liability, shareholders' equity, revenue, and expense accounts as of the end of its first year
Tap Corporation gathered together the following information regarding the asset, liability, shareholders' equity, revenue, and expense accounts as of the end of its first year in operations, August 31, 2020: Rent expense $ 7,500 $10,200 Truck 23,600 Dividends Accounts payable Service 6,700 Supplies 2,500 45,600 revenue Salary expense 19,400 12,200 Salary payable Utilities Accounts receivable 8,200 5,000 expense Interest Note payable 10,000 1,200 expense Cash Common shares 25,000 21,900 Prepare a balance sheet for Tap Corporation dated August 31, 2020. 1 A - B
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