Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is a very large accounting problem, It's due on Tuesday but would like am answer asap since it's such a lengthy problem. Here it

This is a very large accounting problem, It's due on Tuesday but would like am answer asap since it's such a lengthy problem. Here it is.

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

TOWNE CLEANERS CHART OF ACCOUNTS OWNER'S EQUITY 301 350 370 Patricia Towne, Capital Patricia Towne, Drawing Income Summary 102 Cash Payroll Account 103 Change Funcd 105 Petty Cash Fund 110 Accounts Receivable 370 Income Summary 115 office Supplies 120 Cleaning Supplies 125 Prepaid Insurance REVENUE 401 402 410 411 Cleaning Service Income Alterations Incom Tuxedo Rental Income Interest Income 150 Delivery Van 151 Accumulated Depreciation, 160 161 Furniture & Fixtures Accumulated Depreciation, Furniture & Fixtures EXPENSES 501 505 508 510 515 517 520 521 530 535 555 560 Wages Expense Payroll Tax Expense Rent Expense, Building Utilities Expense Advertising Expense Cash Short/(Over) Cleaning Equipment Repair Expense Office Equipment Repair Expense Contributions Expense Insurance Expense Depreciation Expense, Delivery Van Depreciation, 165 Cleaning Equipment 166 Accumulated Depreciation, Cleaning Equipment 170 Office Equipment 171 Accumulated Depreciation, Office Equipment LIABILITIES 201 Accounts Payable 210 215 Wages Payable Employees' Federal Income Tax Payable Employees' State Income Furniture & Fixtures 565 Depreciation Expense 216 Cleaning Equipment 570 Depreciation Expense Tax Payable 220 FICA Social Security Payable Office Equipment Delivery Expense Delivery Van Operating Expense Interest Expense Office Supplies Expense Cleaning Supplies Expense FICA Medicare Tax Payable 225 230 Employees' Medical 576 577 580 590 591 599 Miscellaneous Expense Insurance Payable 235 Federal Unemployment 240 245 Tax Payable State Unemployment Tax Payable Note Payable, Delivery Van 3 TOWNE CLEANERS CHART OF ACCOUNTS OWNER'S EQUITY 301 350 370 Patricia Towne, Capital Patricia Towne, Drawing Income Summary 102 Cash Payroll Account 103 Change Funcd 105 Petty Cash Fund 110 Accounts Receivable 370 Income Summary 115 office Supplies 120 Cleaning Supplies 125 Prepaid Insurance REVENUE 401 402 410 411 Cleaning Service Income Alterations Incom Tuxedo Rental Income Interest Income 150 Delivery Van 151 Accumulated Depreciation, 160 161 Furniture & Fixtures Accumulated Depreciation, Furniture & Fixtures EXPENSES 501 505 508 510 515 517 520 521 530 535 555 560 Wages Expense Payroll Tax Expense Rent Expense, Building Utilities Expense Advertising Expense Cash Short/(Over) Cleaning Equipment Repair Expense Office Equipment Repair Expense Contributions Expense Insurance Expense Depreciation Expense, Delivery Van Depreciation, 165 Cleaning Equipment 166 Accumulated Depreciation, Cleaning Equipment 170 Office Equipment 171 Accumulated Depreciation, Office Equipment LIABILITIES 201 Accounts Payable 210 215 Wages Payable Employees' Federal Income Tax Payable Employees' State Income Furniture & Fixtures 565 Depreciation Expense 216 Cleaning Equipment 570 Depreciation Expense Tax Payable 220 FICA Social Security Payable Office Equipment Delivery Expense Delivery Van Operating Expense Interest Expense Office Supplies Expense Cleaning Supplies Expense FICA Medicare Tax Payable 225 230 Employees' Medical 576 577 580 590 591 599 Miscellaneous Expense Insurance Payable 235 Federal Unemployment 240 245 Tax Payable State Unemployment Tax Payable Note Payable, Delivery Van 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Yes You Can Get A Financial Life

Authors: Ben Stein, Phil Demuth

1st Edition

1401911250, 978-1401911256

More Books

Students also viewed these Accounting questions

Question

What is IUPAC system? Name organic compounds using IUPAC system.

Answered: 1 week ago

Question

What happens when carbonate and hydrogen react with carbonate?

Answered: 1 week ago

Question

=+ Who is the negotiation partner at company level?

Answered: 1 week ago

Question

=+Which associations exist?

Answered: 1 week ago