NeE income? Account Amount Insurance Expense 5,000 Cash at Bank 26,000 Supplies 3,000 Accounts Payable Sales Revenue 11,000 67,000 Accounts Receivable 9,500 Drawings Interest Expense 6,000 2,000 Bank Loan 54,000 Equipment 22,000 Telephone Expense 4,000 Unearned Revenue 8,400 Capital 82,000 Inventory 21.000

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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Net income?
Account
Insurance Expense
Cash at Bank
Amount
5,000
26,000
Supplies
3,000
Accounts Payable
Sales Revenue
Accounts Receivable
Drawings
Interest Expense
11,000
67,000
9,500
6,000
2,000
Bank Loan
54,000
Equipment
Telephone Expense
Unearned Revenue
Capital
Inventory
22,000
4,000
8,400
82,000
21,000
Transcribed Image Text:Net income? Account Insurance Expense Cash at Bank Amount 5,000 26,000 Supplies 3,000 Accounts Payable Sales Revenue Accounts Receivable Drawings Interest Expense 11,000 67,000 9,500 6,000 2,000 Bank Loan 54,000 Equipment Telephone Expense Unearned Revenue Capital Inventory 22,000 4,000 8,400 82,000 21,000
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