Redbird Properties, Inc. gathered the following information
regarding the asset, liability, stockholders’ equity, revenue, and
expense accounts as of the end of its second year in operations,
December 31, 2019:
Rent Expense
$7,000
Building
36,320
Depreciation Expense
4,750
Cost of Goods Sold
10,000
Accounts Receivable
8,200
Note Payable (5 yr)
11,000
Common Stock
16,970
Cash
19,500
Salary Expense
4,400
Dividends
10,200
Retained Earnings, Jan 1 2015
17,085
Accounts Payable
11,800
Accumulated Depreciation (Building)
6,500
Income Tax Expense
6,585
Sales
48,800...