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Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advertising Expense Art Revenues Non Building Cash P 122,500 219,000 60,000 60,000 105,000 1,437,500 450,000 36,200

Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advertising Expense Art Revenues Non Building Cash P 122,500 219,000 60,000 60,000 105,000 1,437,500 450,000 36,200

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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Net Income P 122,500 Accounts Payable Accounts Receivable 219,000 60,000 60,000 Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advertising Expense 105,000 Art Revenues 1,437,500 450,000 Building Cash 36,200 30,000 Depreciation Expense-Building Depreciation Expense-Equipment 30,000 Equipment 217,000 Interest Expense 37,000 Land 120,000 Miscellaneous Expense 24,600 Mortgage Payable 395,000 Notes Payable 213,000 Office Supplies 17,200 Blanche, Capital, 1/1/2017 50,500 Blanche, Withdrawals 148,600 Representation Expense 164,000 Salaries Expense Salaries Payable 673,200 17,300 Travel Expense 159,000
Transcribed Image Text:Net Income P 122,500 Accounts Payable Accounts Receivable 219,000 60,000 60,000 Accumulated Depreciation-Building Accumulated Depreciation-Equipment Advertising Expense 105,000 Art Revenues 1,437,500 450,000 Building Cash 36,200 30,000 Depreciation Expense-Building Depreciation Expense-Equipment 30,000 Equipment 217,000 Interest Expense 37,000 Land 120,000 Miscellaneous Expense 24,600 Mortgage Payable 395,000 Notes Payable 213,000 Office Supplies 17,200 Blanche, Capital, 1/1/2017 50,500 Blanche, Withdrawals 148,600 Representation Expense 164,000 Salaries Expense Salaries Payable 673,200 17,300 Travel Expense 159,000
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