journal entrie
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The company’s
Year 1 | Year 2 | |
Cash | 19,400 | 48500 |
A/R | 30,000 | 90000 |
Allowance for |
-5,000 | -25000 |
Prepaid Supplies | 500 | 1500 |
DTA (DTL) | 2000 | 2000 |
A/P | -15000 | -45000 |
Income Tax Payable | -14000 | - |
R/E | - | -17900 |
Revenue | -50000 | -100000 |
Political Contributions | 100 | 900 |
Wages | 15000 | 25000 |
Bad Debt | 5000 | 20000 |
Income Tax Expense | 12000 | - |
0 | 0 |
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