Account Debit Credit Cash 15,000 Sale Revenue 33,500 Inventory 1,000 Account payable 30,700 Land 200,000 Intangible asset 7,700 Prepaid marketing expense 3,000 Interest payable 17,800 Account Receivable 11,700 Debenture 7,500 Bond payable 18,330 Wages payable 3,300 Owner Drawing 4,000 Purchase 12,600 Consultation revenue 17,500 Salary payable 16,400 Common Stock 101,300 Utility expenses 4,330 Wages expenses 2,000 Rent Revenue 15,000 Total 261,330 261,330

Account Debit Credit Cash 15,000 Sale Revenue 33,500 Inventory 1,000 Account payable 30,700 Land 200,000 Intangible asset 7,700 Prepaid marketing expense 3,000 Interest payable 17,800 Account Receivable 11,700 Debenture 7,500 Bond payable 18,330 Wages payable 3,300 Owner Drawing 4,000 Purchase 12,600 Consultation revenue 17,500 Salary payable 16,400 Common Stock 101,300 Utility expenses 4,330 Wages expenses 2,000 Rent Revenue 15,000 Total 261,330 261,330

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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