Total Assets value? Fees Earned$165,000 Cash$30,000Accounts Receivable14,000Selling Expenses44,000Equipment64,000Scott, Capital27,000Accounts Payable12,000Interest Revenue3,000Salaries and Wages Expense 40,000Income Taxes PayableNotes PayablePrepaid Rent2,0005,000Income Taxes Expense 18,00020,000Rent Expense20,000

Fees Earned $165,000 Cash $30,000 Accounts Receivable 14,000 Selling Expenses Scott, Capital 44,000 Equipment Accounts Payable Salaries and Wages Expense 40,000 Income Taxes Payable 64,000 27,000 12,000 Interest Revenue 3,000 Prepaid Rent 2,000 5,000 Income Taxes Expense 18,000 Notes Payable 20,000 Rent Expense 20,000

Fees Earned $165,000 Cash $30,000 Accounts Receivable 14,000 Selling Expenses Scott, Capital 44,000 Equipment Accounts Payable Salaries and Wages Expense 40,000 Income Taxes Payable 64,000 27,000 12,000 Interest Revenue 3,000 Prepaid Rent 2,000 5,000 Income Taxes Expense 18,000 Notes Payable 20,000 Rent Expense 20,000

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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