Account Title Deblt Credit $5,000 500 4,000 20,000 Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense $12,000 2,500 3,000 10,500 1,000 9,500 3,500 2,000 1,500 $37,500 Totals $37,500

Account Title Deblt Credit $5,000 500 4,000 20,000 Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense $12,000 2,500 3,000 10,500 1,000 9,500 3,500 2,000 1,500 $37,500 Totals $37,500

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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