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In: Accounting

Cash 20,000 Supplies 6,000 Equipment 25,000 Supplies Expense 8,000 1/1/x1 Retained Earnings 12,000 Accounts Payable 6,000...

Cash 20,000 Supplies 6,000
Equipment 25,000 Supplies Expense 8,000
1/1/x1 Retained Earnings 12,000 Accounts Payable 6,000
Unearned Revenue 8,000 Utilities Expense 1,000
Common Stock 24,000 Utilities Payable 1,000
Accounts Receivable 13,000 Service Revenue 44,000
Salaries Expense 8,000 Insurance Expense 7,000
Dividends 1,000 Entertainment Expense 5,000
Advertising Expense 1,000 Salaries Payable 3,000
Prepaid Insurance 4,000 Misc. Expense 1,000
Accumulated Depreciation - Equipment 2,000
Prepare the income statement, the statement of retained earnings and
the balance sheet

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Expert Solution

ekkarill92 answered 1 year ago
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