Account Cash A/R Rent Exp Dividends DR $40,000 20,000 12,000 5,000 CR
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Income statememt?
Transcribed Image Text:Account
Cash
A/R
Rent Exp
Dividends
Sales Return
Wage Exp
Capital
A/P
Unearned Revenue
Sales
RE at the beginning
DR
$40,000
20,000
12,000
5,000
8,000
15,000
CR
$20,000
10,000
5,000
35,000
30,000
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