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These Financial Statement items are for Rugen Company at year-end July 31 2016 Salaries and wages payable. $2,980 Notes payable (long term) $3,000 Salaries and
These Financial Statement items are for Rugen Company at year-end July 31 2016
Salaries and wages payable. $2,980 Notes payable (long term) $3,000
Salaries and wages expense. 45,700 Cash 5,200
Utilities expense 21,100 Account receivable 9,780
Service revenue 38,000 Accumulated depreciation. 6,000
Rent revenue 6,500 Owners drawing 4,000
Depreciation expense 4,000
Owners capital (beginning of the year) 48,000
Equipment 38,000
Prepare a classified balance sheet at July 31
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