Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Creative Images Co.: Violet Lozano, Capital $934,500 Violet Lozano, Drawing 66,000 Fees Earned 545,000 Wages Expense 342,400 Rent Expense 52,900 Supplies Expense 17,200 Miscellaneous Expense 5,400
Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Creative Images Co.: Violet Lozano, Capital $934,500 Violet Lozano, Drawing 66,000 Fees Earned 545,000 Wages Expense 342,400 Rent Expense 52,900 Supplies Expense 17,200 Miscellaneous Expense 5,400
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 6AP
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Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Creative Images Co.:
| Violet Lozano, Capital | $934,500 |
| Violet Lozano, Drawing | 66,000 |
| Fees Earned | 545,000 |
| Wages Expense | 342,400 |
| Rent Expense | 52,900 |
| Supplies Expense | 17,200 |
| Miscellaneous Expense | 5,400 |
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