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Problem #10 The accounts of Ramon Woo Milk Products follow: Accounts Payable Accounts Receivable P 16,950 43,700 Accumulated Depreciation- Office Equipment Accumulated Depreciation- Store Equipment Cash Woo, Capital Cost of Goods Sold Woo, Withdrawals General Expenses Interest Expense Interest Payable Inventory, 1/1/2018 22,450 16,000 7,890 74,620 ? 9,000 116,700 5,400 1,100 69,350 Inventory, 6/30/2018 Long-term Notes Payable Office Equipment Purchases Purchase Discounts Purchase Returns & Allows. Salaries Payable Sales Discounts Sales Returns & Allows. Sales Selling Expenses Store Equipment Supplies Unearned Revenues P 65,520 39,000 58,680 364,000 1,990 3,400 2,840 10,400 18,030 731,000 132,900 88,000 5,100 13,800

Problem #10 The accounts of Ramon Woo Milk Products follow: Accounts Payable Accounts Receivable P 16,950 43,700 Accumulated Depreciation- Office Equipment Accumulated Depreciation- Store Equipment Cash Woo, Capital Cost of Goods Sold Woo, Withdrawals General Expenses Interest Expense Interest Payable Inventory, 1/1/2018 22,450 16,000 7,890 74,620 ? 9,000 116,700 5,400 1,100 69,350 Inventory, 6/30/2018 Long-term Notes Payable Office Equipment Purchases Purchase Discounts Purchase Returns & Allows. Salaries Payable Sales Discounts Sales Returns & Allows. Sales Selling Expenses Store Equipment Supplies Unearned Revenues P 65,520 39,000 58,680 364,000 1,990 3,400 2,840 10,400 18,030 731,000 132,900 88,000 5,100 13,800

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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Prepare Statement of Changes in Equity and Statement of Financial Position

Problem #10 The accounts of Ramon Woo Milk Products follow: Accounts Payable Accounts Receivable Accumulated Depreciation- Office Equipment Accumulated Depreciation- Store Equipment Cash Woo, Capital Cost of Goods Sold Woo, Withdrawals General Expenses Interest Expense Interest Payable Inventory, 1/1/2018 P 16,950 43,700 22,450 16,000 7,890 74,620 ? 9,000 116,700 5,400 1,100 69,350 Inventory, 6/30/2018 Long-term Notes Payable Office Equipment Purchases Purchase Discounts Purchase Returns & Allows. Salaries Payable Sales Discounts Sales Returns & Allows. Sales Selling Expenses Store Equipment Supplies Unearned Revenues P 65,520 39,000 58,680 364,000 1,990 3,400 2,840 10,400 18,030 731,000 132,900 88,000 5,100 13,800
Transcribed Image Text:Problem #10 The accounts of Ramon Woo Milk Products follow: Accounts Payable Accounts Receivable Accumulated Depreciation- Office Equipment Accumulated Depreciation- Store Equipment Cash Woo, Capital Cost of Goods Sold Woo, Withdrawals General Expenses Interest Expense Interest Payable Inventory, 1/1/2018 P 16,950 43,700 22,450 16,000 7,890 74,620 ? 9,000 116,700 5,400 1,100 69,350 Inventory, 6/30/2018 Long-term Notes Payable Office Equipment Purchases Purchase Discounts Purchase Returns & Allows. Salaries Payable Sales Discounts Sales Returns & Allows. Sales Selling Expenses Store Equipment Supplies Unearned Revenues P 65,520 39,000 58,680 364,000 1,990 3,400 2,840 10,400 18,030 731,000 132,900 88,000 5,100 13,800
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