Question
The following items are taken from the financial statements of Ashe Company for 2012: Equipment $100,000 Accounts Receivable 12,000 Accounts Payable 9,000 Cost of Goods
The following items are taken from the financial statements of Ashe Company for 2012:
| Equipment | $100,000 |
| Accounts Receivable | 12,000 |
| Accounts Payable | 9,000 |
| Cost of Goods Sold | 72,000 |
| Utilities Expense | 11,000 |
| Depreciation Expense | 17,000 |
| Insurance Expense | 9,000 |
| Common Stock | 200,000 |
| Dividends | 12,000 |
| Rent Expense | 3,000 |
| Note Payable (due 2014) | 40,000 |
| Advertising Expense | 14,000 |
| Prepaid Insurance | 17,000 |
| Retained Earnings (beginning) | 44,000 |
| Accumulated Depreciation | 50,000 |
| Salaries Expense | 60,000 |
| Salaries Payable | 3,500 |
| Net sales | 205,000 |
| Supplies | 4,000 |
| Supplies Expense | 5,000 |
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Law, Business And Society
Authors: Tony McAdams, Kiren Dosanjh Zucker, Kristofer Neslund, Kari Smoker
12th Edition
1259721884, 978-1259721885
