The following account titles, arranged in alphabetical order, are from the records of Hadley Realty Corporation. The
Question:
(1) Assets:
(2) Liabilities:
(3) Stockholders' equity accounts, including dividends:
(4) Revenues: and
(5) Expenses.
Accounts Payable..................................................................................$12,300
Accounts Receivable................................................................................21,230
Accumulated Depreciation-Automobiles......................................................12,000
Accumulated Depreciation-Buildings..........................................................15,000
Automobiles 48,000 Buildings....................................................................60,000
Capital Stock........................................................................................25,000
Cash...................................................................................................2,460
Commissions Earned..............................................................................17,420
Commissions Expense..............................................................................2,300
Dividends.............................................................................................1,500
Insurance Expense.....................................................................................300
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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