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Walley widget company incorporated near the end of 2011. Operations in January of 2012. WWC prepared adjusting entries and financial statements at the end of
Walley widget company incorporated near the end of 2011. Operations in January of 2012. WWC prepared adjusting entries and financial statements at the end of each month. Balances in the Accounts at the end are as follows.
Cash $19970
AR $11000.00
ADA : $(1350)
Inventory (45) units
Unearned revenue (40 units) 4800
Accounts payable 2200.00
Notes payable 14500
Contributed capital 5900
Retained earnings 5370
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