Ouestion -3 Nick Charles operates a private leestigting laisaled Nich Charis Ietig tiens. Some dienta are required to pay in dvane fr the pany's services, while ethere are hilled efter the is have bees rederd Adran pymeta e d Ited te an acceunt entitled Unearned Retainer Fees, which epresents unamed ree un The business djuts ite acceunte earh manth and ch ita anta at the end of each quarter. At March 31, the end of the fiqrter, the trial helenm appeaed a fullows ing Tro d. financial statements ( income statement, balance sheet, statement of owners equity) NICK CHARLES INVESGANONS iol Balonce March 31, 19 Cash.. Fees receivoble Unexpired insurance Prepald rent. Ofice supplies Office equpment Accumulated depreciotion office equpment. Aeceunts payubia Uneomed eloiner feas Nick Chartes eapho Nick Chartes dowing Fees eamed Depreciation expense. Pent expense Office supphes expense Insurance expense Telephone expense rovel experse. Solaries expense S17,150 37.800 1600 6.400 1050 17, 100 #A700 3.00 24.000 45.300 3.200 33.320 S70 3,000 450 800 100 3400 9.s00 2.0 I2220

Ouestion -3 Nick Charles operates a private leestigting laisaled Nich Charis Ietig tiens. Some dienta are required to pay in dvane fr the pany's services, while ethere are hilled efter the is have bees rederd Adran pymeta e d Ited te an acceunt entitled Unearned Retainer Fees, which epresents unamed ree un The business djuts ite acceunte earh manth and ch ita anta at the end of each quarter. At March 31, the end of the fiqrter, the trial helenm appeaed a fullows ing Tro d. financial statements ( income statement, balance sheet, statement of owners equity) NICK CHARLES INVESGANONS iol Balonce March 31, 19 Cash.. Fees receivoble Unexpired insurance Prepald rent. Ofice supplies Office equpment Accumulated depreciotion office equpment. Aeceunts payubia Uneomed eloiner feas Nick Chartes eapho Nick Chartes dowing Fees eamed Depreciation expense. Pent expense Office supphes expense Insurance expense Telephone expense rovel experse. Solaries expense S17,150 37.800 1600 6.400 1050 17, 100 #A700 3.00 24.000 45.300 3.200 33.320 S70 3,000 450 800 100 3400 9.s00 2.0 I2220

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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