70,500 90,000 Accumulated Depreciation-Equipment 14,800 3,600 Salary Expense Accounts Receivable Supplies Equipment 74,000 Fees Earned 175,200 7,400 Miscellaneous Expense Salaries Payable 1,500 Kate, Capital 90,400 Cash 38,000 Kate, Drawing 12,000 Supplies Expense Depreciation Expense Accounts Payable 6,000 4,800 24,400 1. Prepare and Income Statement

70,500 90,000 Accumulated Depreciation-Equipment 14,800 3,600 Salary Expense Accounts Receivable Supplies Equipment 74,000 Fees Earned 175,200 7,400 Miscellaneous Expense Salaries Payable 1,500 Kate, Capital 90,400 Cash 38,000 Kate, Drawing 12,000 Supplies Expense Depreciation Expense Accounts Payable 6,000 4,800 24,400 1. Prepare and Income Statement

Name: Salary Expense70,500Accounts Receivable90,000Accumulated Depreciation
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Description: Salary Expense70,500Accounts Receivable90,000Accumulated Depreciation-Equipment 14,800SuppliesEquipment3,60074,000Fees Earned175,2007,400Miscellaneous ExpenseSalaries Payable1,500Kate, Capital90,400Cash38,000Kate, Drawing12,000Supplies ExpenseDeprec

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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