PROBLEM 12-2A Here is the partial work sheet for Eckland Stereo. K A Eckland Stereo Work Sheet 3 For Year Ended December 31, 20- BALANCE SHEET DEBIT CREDIT ACCOUNT NAME 14,815.00 7,500.00 30,170.00 50,244.00 2,115.00 1,640.00 16,700.00 50,000.00 7. Cash 8. Notes Receivable Accounts Receivable 10 Merchandise Inventory Prepaid Property Taxes 11 12 Prepaid Insurance 13 Land Building Accumulated Depreciation, Building Computer Equipment Accumulated Depreciation, Computer Equipment Store Equipment 14 15,900.00 15 16 6,892.00 5,674.00 17 7,230.00 18 19 Accumulated Depreciation, Store Equipment 4,424.00 4,300.00 Delivery Equipment Accumulated Depreciation, Delivery Equipment Notes Payable Accounts Payable Mortgage Payable (current portion) 25 20 3,470.00 5,215.00 27,140.00 2,800.00 65,200.00 57,314.00 21 22 23 24 Mortgage Payable M. J. Eckland, Capital M. J. Eckland, Drawing 26 27 23,000.00 28 Wages Payable 42 43 1,984.00 189,121.00 25,485.00 41 214,606.00 Net Income 44 214,606.00 214,606.00 45 Sheet1 Sheet2 Sheet3
PROBLEM 12-2A Here is the partial work sheet for Eckland Stereo. K A Eckland Stereo Work Sheet 3 For Year Ended December 31, 20- BALANCE SHEET DEBIT CREDIT ACCOUNT NAME 14,815.00 7,500.00 30,170.00 50,244.00 2,115.00 1,640.00 16,700.00 50,000.00 7. Cash 8. Notes Receivable Accounts Receivable 10 Merchandise Inventory Prepaid Property Taxes 11 12 Prepaid Insurance 13 Land Building Accumulated Depreciation, Building Computer Equipment Accumulated Depreciation, Computer Equipment Store Equipment 14 15,900.00 15 16 6,892.00 5,674.00 17 7,230.00 18 19 Accumulated Depreciation, Store Equipment 4,424.00 4,300.00 Delivery Equipment Accumulated Depreciation, Delivery Equipment Notes Payable Accounts Payable Mortgage Payable (current portion) 25 20 3,470.00 5,215.00 27,140.00 2,800.00 65,200.00 57,314.00 21 22 23 24 Mortgage Payable M. J. Eckland, Capital M. J. Eckland, Drawing 26 27 23,000.00 28 Wages Payable 42 43 1,984.00 189,121.00 25,485.00 41 214,606.00 Net Income 44 214,606.00 214,606.00 45 Sheet1 Sheet2 Sheet3
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 7SEB: JOURNALIZING SALES RETURNS AND ALLOWANCES Enter the following transactions starting on page 60 of a...
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Here is the partial work sheet for Eckland Stereo:
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