AccountsBalancesAccounts payableAccounts ReceivableAdministrative expenses 108,000194,000246,000Cash18,000DBA Capital, January 150,000372, 000Rent expensesSalaries ExpensesSalaries payableSelling expenses860,00013,00045,000Service Revenue1,592,000SuppliesSupplies expenses9,000191,000DBA Capital, December 31Total Non-current liabilitiesTotal AssetsTotal current liabilitiesTotal expensesTotal revenue

Formula: Net profit = Revenues - Expenses

Accounts Balances Accounts payable Accounts Receivable Administrative expenses 108,000 Cash DBA Capital, January 1 Rent expenses Salaries Expenses Salaries payable Selling expenses Service Revenue 194,000 246,000 18,000 50,000 372, 000 860,000 13,000 45,000 1,592,000 9,000 191,000 Supplies Supplies expenses DBA Capital, December 31 Total Non-current liabilities

Accounts Balances Accounts payable Accounts Receivable Administrative expenses 108,000 Cash DBA Capital, January 1 Rent expenses Salaries Expenses Salaries payable Selling expenses Service Revenue 194,000 246,000 18,000 50,000 372, 000 860,000 13,000 45,000 1,592,000 9,000 191,000 Supplies Supplies expenses DBA Capital, December 31 Total Non-current liabilities

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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