Oriole Company is owned by Irina Temelkova. The following information is an alphabetical listing of financial statement items for the company for the year ended May 31, 2024: Accounts payable $47,600 Interest expense $21,800 Accounts receivable 43,000 Investments by owner 5,710 Advertising expense 5,220 Maintenance expense 85,300 Building 122,000 Notes payable 394,000 Cash 22,100 Other expenses 66,500 Equipment 568.500 Prepaid insurance 1,490 I. Temelkova, capital, June 1, 2023 278,580 Revenue 393,600 1. Temelkova, drawings 36,400 Salaries expense 126,500 Insurance expense 2,980 Supplies 17.700

Oriole Company is owned by Irina Temelkova. The following information is an alphabetical listing of financial statement items for the company for the year ended May 31, 2024: Accounts payable $47,600 Interest expense $21,800 Accounts receivable 43,000 Investments by owner 5,710 Advertising expense 5,220 Maintenance expense 85,300 Building 122,000 Notes payable 394,000 Cash 22,100 Other expenses 66,500 Equipment 568.500 Prepaid insurance 1,490 I. Temelkova, capital, June 1, 2023 278,580 Revenue 393,600 1. Temelkova, drawings 36,400 Salaries expense 126,500 Insurance expense 2,980 Supplies 17.700

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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