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Account Type Cash Accounts Receivable Prepaid Insurance Supplies Land Building Furniture Equipment Accumulated Depreciation - Building Debits $15,000 3,100 -0- 2,500 20,000 75,000 5,000 20,000 Credits $-0-

Account Type Cash Accounts Receivable Prepaid Insurance Supplies Land Building Furniture Equipment Accumulated Depreciation - Building Debits $15,000 3,100 -0- 2,500 20,000 75,000 5,000 20,000 Credits $-0-

FINANCIAL ACCOUNTING
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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using the following information fill out the T - Chart below  

Account Type Cash Accounts Receivable Prepaid Insurance Supplies Land Building Furniture Equipment Accumulated Depreciation - Building Accumulated Depreciation Equipment Accumulated Depreciation - Furniture Accounts Payable Salaries Payable Interest Payable Unearned Commissions Revenue Unearned Subscriptions Revenue Bank Loan Share Capital Retained Earnings Income Summary Commissions Earned Subscriptions Revenue Advertising Expense Depreciation Expense - Building Depreciation Expense - Equipment Depreciation Expense - Furniture Insurance Expense Interest Expense Salaries Expense Supplies Expense Utilities Expense Totals Debits $15,000 3,100 -0- 2,500 20,000 75,000 5,000 20,000 4,300 -0- -0- -0- 1,800 2,365 33,475 15,800 2,860 $205,500 Credits $-0- -0- -0- 4,400 -0- -0- 1,200 800 57,600 66,600 -0- -0- 37,900 32,700 $205,500
Transcribed Image Text:Account Type Cash Accounts Receivable Prepaid Insurance Supplies Land Building Furniture Equipment Accumulated Depreciation - Building Accumulated Depreciation Equipment Accumulated Depreciation - Furniture Accounts Payable Salaries Payable Interest Payable Unearned Commissions Revenue Unearned Subscriptions Revenue Bank Loan Share Capital Retained Earnings Income Summary Commissions Earned Subscriptions Revenue Advertising Expense Depreciation Expense - Building Depreciation Expense - Equipment Depreciation Expense - Furniture Insurance Expense Interest Expense Salaries Expense Supplies Expense Utilities Expense Totals Debits $15,000 3,100 -0- 2,500 20,000 75,000 5,000 20,000 4,300 -0- -0- -0- 1,800 2,365 33,475 15,800 2,860 $205,500 Credits $-0- -0- -0- 4,400 -0- -0- 1,200 800 57,600 66,600 -0- -0- 37,900 32,700 $205,500
Cash Accounts Receiveable Prepaid Insurance Supplies Land Building Furniture Equipment Accumulated Dep. - Bldg. Accumulated Dep. - Furniture Accumulated Dep. - Equipment Accounts Payable Interest Payable Salaries Payable Unearned Commission Revenues Unearned Subscriptions Revenues Bank Loan Long Term Share Capital Retained Earnings Income Summary Commissions Earned Subscription Revenue Advertising Expense Depreciation Expense - Building Depreciation Expense - Furniture Depreciation Expense -Equipment Insurance Expense Interest Expense Salaries Expense Supplies Expense Utilities Expense
Transcribed Image Text:Cash Accounts Receiveable Prepaid Insurance Supplies Land Building Furniture Equipment Accumulated Dep. - Bldg. Accumulated Dep. - Furniture Accumulated Dep. - Equipment Accounts Payable Interest Payable Salaries Payable Unearned Commission Revenues Unearned Subscriptions Revenues Bank Loan Long Term Share Capital Retained Earnings Income Summary Commissions Earned Subscription Revenue Advertising Expense Depreciation Expense - Building Depreciation Expense - Furniture Depreciation Expense -Equipment Insurance Expense Interest Expense Salaries Expense Supplies Expense Utilities Expense
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