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The park's financial records are as follows.  Revenues-camping fees $163,000 Revenues - general store $40,000 Operating expenses 155,000 Cash on hand 17.200 Supplies on hand 2,500 Original cost of equipment 117 ,000 Fair value of equiprment 132,000 Notes payable 80,000 Accounts payable 12.200 J Cumby, capital, April 1, 2023 17,000 Accounts receivable 21,400 J. Cumby, drawings 8,500 Carmping fees collected for April 10,000 Insurance paid for in advance for April to June, 2024 600   create a balance sheet with Liabilities and Owner's Equity.

The park's financial records are as follows.  Revenues-camping fees $163,000 Revenues - general store $40,000 Operating expenses 155,000 Cash on hand 17.200 Supplies on hand 2,500 Original cost of equipment 117 ,000 Fair value of equiprment 132,000 Notes payable 80,000 Accounts payable 12.200 J Cumby, capital, April 1, 2023 17,000 Accounts receivable 21,400 J. Cumby, drawings 8,500 Carmping fees collected for April 10,000 Insurance paid for in advance for April to June, 2024 600   create a balance sheet with Liabilities and Owner's Equity.

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section19.6: Buying Intangible Assets And Calculating Amortization Expense
Problem 1OYO
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The park's financial records are as follows. 

Revenues-camping fees
$163,000
Revenues - general store
$40,000
Operating expenses
155,000
Cash on hand
17.200
Supplies on hand
2,500
Original cost of equipment
117 ,000
Fair value of equiprment
132,000
Notes payable
80,000
Accounts payable
12.200
J Cumby, capital, April 1, 2023
17,000
Accounts receivable
21,400
J. Cumby, drawings
8,500
Carmping fees collected for April
10,000
Insurance paid for in advance for April to June, 2024
600

 
create a balance sheet with Liabilities and Owner's Equity.
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