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Can i please get assistance with this part of the question?   Debit Credit Cash $ 58,000   Accounts receivable 56,000   Interest receivable 21,600   Notes receivable (due in 90 days) 172,000   Office supplies 16,500   Automobiles 174,000   Accumulated depreciation—Automobiles   $ 85,000 Equipment 140,000   Accumulated depreciation—Equipment   17,000 Land 77,000   Accounts payable   105,000 Interest payable   35,000 Salaries payable   23,000 Unearned revenue   36,000 Long-term notes payable   144,000 R. Chiara, Capital   255,800 R. Chiara, Withdrawals 46,000   Services revenue   464,000 Interest revenue   30,000 Depreciation expense—Automobiles 25,500   Depreciation expense—Equipment 21,000   Salaries expense 185,000   Wages expense 46,000   Interest expense 33,600   Office supplies expense 35,000   Advertising expense 60,000   Repairs expense—Automobiles 27,600   Totals $ 1,194,800 $ 1,194,800

Can i please get assistance with this part of the question?   Debit Credit Cash $ 58,000   Accounts receivable 56,000   Interest receivable 21,600   Notes receivable (due in 90 days) 172,000   Office supplies 16,500   Automobiles 174,000   Accumulated depreciation—Automobiles   $ 85,000 Equipment 140,000   Accumulated depreciation—Equipment   17,000 Land 77,000   Accounts payable   105,000 Interest payable   35,000 Salaries payable   23,000 Unearned revenue   36,000 Long-term notes payable   144,000 R. Chiara, Capital   255,800 R. Chiara, Withdrawals 46,000   Services revenue   464,000 Interest revenue   30,000 Depreciation expense—Automobiles 25,500   Depreciation expense—Equipment 21,000   Salaries expense 185,000   Wages expense 46,000   Interest expense 33,600   Office supplies expense 35,000   Advertising expense 60,000   Repairs expense—Automobiles 27,600   Totals $ 1,194,800 $ 1,194,800

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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Can i please get assistance with this part of the question?

  Debit Credit
Cash $ 58,000  
Accounts receivable 56,000  
Interest receivable 21,600  
Notes receivable (due in 90 days) 172,000  
Office supplies 16,500  
Automobiles 174,000  
Accumulated depreciation—Automobiles   $ 85,000
Equipment 140,000  
Accumulated depreciation—Equipment   17,000
Land 77,000  
Accounts payable   105,000
Interest payable   35,000
Salaries payable   23,000
Unearned revenue   36,000
Long-term notes payable   144,000
R. Chiara, Capital   255,800
R. Chiara, Withdrawals 46,000  
Services revenue   464,000
Interest revenue   30,000
Depreciation expense—Automobiles 25,500  
Depreciation expense—Equipment 21,000  
Salaries expense 185,000  
Wages expense 46,000  
Interest expense 33,600  
Office supplies expense 35,000  
Advertising expense 60,000  
Repairs expense—Automobiles 27,600  
Totals $ 1,194,800 $ 1,194,800
CHIARA COMPANY Statement of Owner's Equity For Year Ended December 31 R. Chiara, Capital, December 31 prior year Add: Investments by owner Add: Net income Less: Withdrawals by owner R. Chiara, Capital, December 31 current year $ 69 0 0
Transcribed Image Text:CHIARA COMPANY Statement of Owner's Equity For Year Ended December 31 R. Chiara, Capital, December 31 prior year Add: Investments by owner Add: Net income Less: Withdrawals by owner R. Chiara, Capital, December 31 current year $ 69 0 0
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