Question
Use only the following account names: Automobiles Computer Equipment Furniture and Fixtures Equipment Leasehold Improvements Other Current Assets Intangible Assets Research and Development Expense Operating
Use only the following account names:
Automobiles
Computer Equipment
Furniture and Fixtures
Equipment
Leasehold Improvements
Other Current Assets
Intangible Assets
Research and Development Expense
Operating Expenses
Record all types of current assets in the summary "other current assets" account
Record all types of intangible assets in the summary "intangible assets" account
Record all types of operating expenses in summary "operating expenses" account
1) Tables and Chairs for Break Room
2) 2 Years Contract for Research & Development
3) Appliances for Employee Break room $1,728.13 + delivery
4) Computer Equipment (Installed 1/12/2017)
5) Accounting and Inventory Software $1,750 + Installation
6) Used 1 yr old Copy Machine (Sales tax $375.64)
7) Trademark Filing
8) Design of Trademark
9) Annual maintenance on copy machine
10) 2016 Toyota Camry down payment
11) Notes Payable to finance the Camry
12) 6 Office Chairs with Back Support
13) Paint and Remodel Rented Building
14) Warehouse Racks (Installed 4/5/2017)
15) Potential Customer List
16) Warehouse Packing Tables: Installed May 2
17) Season Football Tickets
18) Customer Mailings / Brochures
19) Legal Retainer Fee (July 1 to Dec 31, 2017)
20) Marketing Booth used at conventions
21) New Tires for Camry
22) Service and Oil Change on Camry
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