$10,000 Cash Common stock $7,200 7,700 46,000 Accounts receivable Retained earnings 12,000 Supplies 4,600 Dividends declared 158,000 36,000 Prepaid insurance 3,400 Service revenue Building Accumulated depreciation - Salary expense Depreciation expense - building 105,000 building 16,200 Land 57,000 Supplies expense Accounts payable 6,600 Insurance expense Salary payable 7,100 Advertising expense Utilities expense Unearned service revenue 5,400 2,200 Adjusting data at the end of the year include the following: a. Unearned service revenue that has been earned, $1,620 b. Accrued service revenue, S31,600 c. Supplies used in operations,$3,500 d. Accrued salary expense, $3.000 e. Prepaid insurance expired, $1.500 f. Depreciation Expense - building. $2,700 O O O

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare Income Statement, Balancesheet and statement of retained earnings.

 

$10,000
46,000
12,000
Cash
Common stock
$7,200
7,700
Accounts receivable
Retained earnings
Supplies
4,600
Dividends declared
158,000
Prepaid insurance
3,400
Service revenue
Building
36,000
Salary expense
Depreciation expense -
105,000
Accumulated depreciation -
building
Land
16,200
building
57,000
Supplies expense
Accounts payable
6,600
Insurance expense
Salary payable
7,100
2,200
Advertising expense
Unearned service revenue
5,400
Utilities expense
Adjusting data at the end of the year include the following:
a. Unearned service revenue that has been earned, $1,620
b. Accrued service revenue, $31,600
c. Supplies used in operations,$3,500
d. Accrued salary expense, $3,000
e. Prepaid insurance expired, S1.500
f. Depreciation Expense - building. $2,700
Transcribed Image Text:$10,000 46,000 12,000 Cash Common stock $7,200 7,700 Accounts receivable Retained earnings Supplies 4,600 Dividends declared 158,000 Prepaid insurance 3,400 Service revenue Building 36,000 Salary expense Depreciation expense - 105,000 Accumulated depreciation - building Land 16,200 building 57,000 Supplies expense Accounts payable 6,600 Insurance expense Salary payable 7,100 2,200 Advertising expense Unearned service revenue 5,400 Utilities expense Adjusting data at the end of the year include the following: a. Unearned service revenue that has been earned, $1,620 b. Accrued service revenue, $31,600 c. Supplies used in operations,$3,500 d. Accrued salary expense, $3,000 e. Prepaid insurance expired, S1.500 f. Depreciation Expense - building. $2,700
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