Question
The following is the ending balances of accounts at June 30, 2021, for Excell Company. Account Title Cash Short-term investments Accounts receivable (net) Prepaid
The following is the ending balances of accounts at June 30, 2021, for Excell Company. Account Title Cash Short-term investments Accounts receivable (net) Prepaid expenses (for the next 12 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Accrued liabilities Notes payable Mortgage payable Common stock Retained earnings Totals Debits Credits $ 87,000 69,000 284,000 36,000 79,000 324,000 $ 162,000 267,000 122,000 175,000 47,000 104,000 230,000 120,000 186,000 $1,146,000 $1,146,000
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