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Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $1200000 Common stock 230000 Equipment 309000 Salaries and wages expense 370000
Waterway Industries compiled the following financial information as of December 31, 2022:
| Service revenue | $1200000 |
| Common stock | 230000 |
| Equipment | 309000 |
| Salaries and wages expense | 370000 |
| Rent expense | 92500 |
| Depreciation expense | 462500 |
| Cash | 282000 |
| Dividends | 75000 |
| Supplies | 42000 |
| Accounts payable | 158000 |
| Accounts receivable | 104500 |
| Retained earnings, 1/1/22 | 555000 |
Waterway's total assets at December 31, 2022 are:
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Principles Of Financial Accounting Chapters 1 To 18
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
12th Edition
9781118978740
