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Prepare statement of profit and loss and statement of financial position DR CR Prepaid expense 1000...

Prepare statement of profit and loss and statement of financial position

DR CR
Prepaid expense 1000
account receivable 2200
office supplies 1800
office equipment 15000
cash 5400
accumulated depreciation-office equipment 4000
account payable 900
interest payable 100
salaries payable 1000
loan 2000
service revenue accrual 5000
share capital 12000
retained earning 4400
dividends paid 2000
service revenue 3000
office supplies expense 600
depreciation expense 2500
rent expense 1900

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Please comment for any explanation,

Thanks,

ekkarill92 answered 1 year ago
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