The account balances on December 31, 2019, are shown by the following list of accounts: Cash R.O 21,000 Account Receivable 5,000 Prepaid Rent expense 500 - Office Supplies 2,000 Account payable 1,000 Equipment 25,000 Share, Capital 15,000 Service Revenues 20,000 Accumulated Depreciation- Equipment 10,000 Salary Expenses 6,000 1,000 Rent Expenses 2,000 Supplies Expenses 3,500 Utilities Expenses Based on previous information the total assets equal:

The account balances on December 31, 2019, are shown by the following list of accounts: Cash R.O 21,000 Account Receivable 5,000 Prepaid Rent expense 500 - Office Supplies 2,000 Account payable 1,000 Equipment 25,000 Share, Capital 15,000 Service Revenues 20,000 Accumulated Depreciation- Equipment 10,000 Salary Expenses 6,000 1,000 Rent Expenses 2,000 Supplies Expenses 3,500 Utilities Expenses Based on previous information the total assets equal:

Name: The account balances on December 31, 2019, are shown by the following
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Description: The account balances on December 31, 2019, are shown by the following list of accounts:CashR.O 21,000Account Receivable5,000Prepaid Rent expense500Office Supplies2,000Account payable1,000Equipment25,000Share, Capital15,000Service Revenues20,000Accum

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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