Accounts obtained from the books of accounts LMN Trading Company on December 31, 20X1 will enable you to make a multi-step statement of income. Accounts Debit Credit Cash in Bank Account Receivable 155,000 600,000 Allowance for Bad debts 45,000 Merchandise Inventory, Jan. 1 Equipment Acc. Dep. – Equipment Accounts Payable Abel Caro, Capital Abel Caro, Drawings Net Sales Net Purchases 150,000 300,000 110,000 180,000 650,000 50,000 1,300,000 630,000 210,000 Salaries and Wages
Accounts obtained from the books of accounts LMN Trading Company on December 31, 20X1 will enable you to make a multi-step statement of income. Accounts Debit Credit Cash in Bank Account Receivable 155,000 600,000 Allowance for Bad debts 45,000 Merchandise Inventory, Jan. 1 Equipment Acc. Dep. – Equipment Accounts Payable Abel Caro, Capital Abel Caro, Drawings Net Sales Net Purchases 150,000 300,000 110,000 180,000 650,000 50,000 1,300,000 630,000 210,000 Salaries and Wages
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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