The financial statement columns of the worksheet for Booer Company as of December 31, 2016 are as follows: BOOER COMPANY Worksheet For the Year Ended December 31, 2016 Income Statement Debit Balance Sheet Debit Accounts Credit Credit Cash .. Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Patents 10,000 26,000 4,500 7,000 41,000 4,800 7,500 Accounts Payable Notes Payable (due 2018) Owner's Capital Owner's Drawings 22,200 20,000 45,300 4,200 Service Revenue Salaries and Wages Expense Depreciation Expense Insurance Expense Interest Expense 26,400 5,200 4,800 5,000 3,500 Totals 18,500 26,400 100,200 92,300 7.900 26.400 Net Income 7.900 26.400 100,200 100,200

The financial statement columns of the worksheet for Booer Company as of December 31, 2016 are as follows: BOOER COMPANY Worksheet For the Year Ended December 31, 2016 Income Statement Debit Balance Sheet Debit Accounts Credit Credit Cash .. Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Patents 10,000 26,000 4,500 7,000 41,000 4,800 7,500 Accounts Payable Notes Payable (due 2018) Owner's Capital Owner's Drawings 22,200 20,000 45,300 4,200 Service Revenue Salaries and Wages Expense Depreciation Expense Insurance Expense Interest Expense 26,400 5,200 4,800 5,000 3,500 Totals 18,500 26,400 100,200 92,300 7.900 26.400 Net Income 7.900 26.400 100,200 100,200

Name: The financial statement columns of the worksheet for Booer Company as
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Description: The financial statement columns of the worksheet for Booer Company as of December 31, 2016 are asfollows:BOOER COMPANYWorksheetFor the Year Ended December 31, 2016Balance SheetCreditIncome StatementAccountsDebitCreditDebitCash ..10,000Accounts Recei

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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