Journal: Cash (Asset) + Customer Receivables (Asset) + Sales (Revenue) = $500 Supplies (Asset) + Accounts Payable (Liability) = $200 Wages Expense (Expense) + Wages Payable (Liability) = $1,000 Rent Expense (Expense) + Cash (Asset) = $1,500 Cash (Asset) + Utility Expense (Expense) = $500 Customer Receivables (Asset) + Sales (Revenue) = $800 Cash (Asset) + Customer Receivables (Asset) = $800 Accounts Payable (Liability) + Cash (Asset) = $200 Depreciation Expense (Expense) + Depreciation (Contra Asset) = $500 Cash (Asset) + Gain on Sale of Asset (Income) = $1,500 can anyone help me to prepare the t-account and balance sheet ?
Journal: Cash (Asset) + Customer Receivables (Asset) + Sales (Revenue) = $500 Supplies (Asset) + Accounts Payable (Liability) = $200 Wages Expense (Expense) + Wages Payable (Liability) = $1,000 Rent Expense (Expense) + Cash (Asset) = $1,500 Cash (Asset) + Utility Expense (Expense) = $500 Customer Receivables (Asset) + Sales (Revenue) = $800 Cash (Asset) + Customer Receivables (Asset) = $800 Accounts Payable (Liability) + Cash (Asset) = $200 Depreciation Expense (Expense) + Depreciation (Contra Asset) = $500 Cash (Asset) + Gain on Sale of Asset (Income) = $1,500 can anyone help me to prepare the t-account and balance sheet ?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Journal: Cash (Asset) + Customer Receivables (Asset) + Sales (Revenue) = $500 Supplies (Asset) + Accounts Payable (Liability) = $200 Wages Expense (Expense) + Wages Payable (Liability) = $1,000 Rent Expense (Expense) + Cash (Asset) = $1,500 Cash (Asset) + Utility Expense (Expense) = $500 Customer Receivables (Asset) + Sales (Revenue) = $800 Cash (Asset) + Customer Receivables (Asset) = $800 Accounts Payable (Liability) + Cash (Asset) = $200
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