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The list below shows select accounts for Great Taste Restaurants Inc. on March 31, 2016 Accumulated Depreciation $ 35,000 Accounts Payable 65,000 Advertising Expense
The list below shows select accounts for Great Taste Restaurants Inc. on March 31, 2016 Accumulated Depreciation $ 35,000 Accounts Payable 65,000 Advertising Expense 20,625 Prepaid Advertising 61,875 Common Stock 50,000 Depreciation Expense 12,500 Dividend Payable 50,000 Dividends 100,000 Income Tax Expense 48,000 Income Tax Payable 35,000 Interest Expense 3,750 Interest Revenue 500 Loss on Disposal of Assets 10,000 Prepaid Rent 56,250 Rent Expense 18,750 Retained Earnings 836,875 Sales Revenue 300,000 Utilities Expense 8,750 Utilities Payable 7,000 Wage Expense 41,250 Wages Payable 10,125
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