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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
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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Ouestion -3 Nick Charles operstes a private investigating bsine called Nick Charlas Inretig tiens. Some dienta are required to pay in advance fr the empany's services, while ethers are hilled efter the ervices have bees rendered. Adranee paymenta ere cred ited to an acount entitled Unearned Retainer Fees, which epresenta uneamed ree mue. The buinese adjusts its acceunts earh month and cloees ita scounta at the end of each quarter. At March 31, the end of the fit quarter, the trial belenee appeared as follows ating C. d. financial statements ( income statement, balance sheet, statement of owners equity) NICK CHARLES INVESTIGANONS tiol Balonce March 31, 19 Cash. Fees receivotble. Unexpired insurance Prepaid rent. Ofice supplies Office equipment Accumulated depreciotion office equipmet Accounts payabla Uneamed sefainer fees Nick Chartes, capiot Nick Chartes diowing Fees eamed Depreciation expense. Pent expense Ofice supphes expense Insurance expense. Telephone enpense Trovel expense Salaries expense $ 17,150 37,800 1,600 5.400 1,050 17, 100 $ 5,700 3.900 24.000 45,300 3.200 33,320 S70 3,000 450 800 1,200 3,400 SI12.220 I12,220
Transcribed Image Text:Ouestion -3 Nick Charles operstes a private investigating bsine called Nick Charlas Inretig tiens. Some dienta are required to pay in advance fr the empany's services, while ethers are hilled efter the ervices have bees rendered. Adranee paymenta ere cred ited to an acount entitled Unearned Retainer Fees, which epresenta uneamed ree mue. The buinese adjusts its acceunts earh month and cloees ita scounta at the end of each quarter. At March 31, the end of the fit quarter, the trial belenee appeared as follows ating C. d. financial statements ( income statement, balance sheet, statement of owners equity) NICK CHARLES INVESTIGANONS tiol Balonce March 31, 19 Cash. Fees receivotble. Unexpired insurance Prepaid rent. Ofice supplies Office equipment Accumulated depreciotion office equipmet Accounts payabla Uneamed sefainer fees Nick Chartes, capiot Nick Chartes diowing Fees eamed Depreciation expense. Pent expense Ofice supphes expense Insurance expense. Telephone enpense Trovel expense Salaries expense $ 17,150 37,800 1,600 5.400 1,050 17, 100 $ 5,700 3.900 24.000 45,300 3.200 33,320 S70 3,000 450 800 1,200 3,400 SI12.220 I12,220
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