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These financial statement items are for Ayayai Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $1,500 51,600 22,200 31,600 4,900 61,200 8,900 31,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained Earnings (beginning of the year) Ayayai Company Income Statement $2,000 15,300 9,400 6,200 2,900 3,900 20,500 $

These financial statement items are for Ayayai Company at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $1,500 51,600 22,200 31,600 4,900 61,200 8,900 31,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained Earnings (beginning of the year) Ayayai Company Income Statement $2,000 15,300 9,400 6,200 2,900 3,900 20,500 $

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 a retained earnings statement for the year. V: Ayayai Company Retained Earnings Statement Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) << Ayayai Company Balance Sheet Assets S Liabilities and Stockholders' Equity $
Transcribed Image Text:Prepare a retained earnings statement for the year. V: Ayayai Company Retained Earnings Statement Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) << Ayayai Company Balance Sheet Assets S Liabilities and Stockholders' Equity $
These financial statement items are for Ayayai Company at year-end, July 31, 2022. Salaries and wages payable $1,500 Salaries and wages expense 51,600 Utilities expense 22,200 Equipment Accounts payable Service revenue Rent revenue Common Stock 31,600 4,900 61,200 8,900 31,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained Earnings (beginning of the year) Ayayai Company Income Statement $ $2,000 15,300 9,400 6,200 2,900 3,900 20,500 $
Transcribed Image Text:These financial statement items are for Ayayai Company at year-end, July 31, 2022. Salaries and wages payable $1,500 Salaries and wages expense 51,600 Utilities expense 22,200 Equipment Accounts payable Service revenue Rent revenue Common Stock 31,600 4,900 61,200 8,900 31,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained Earnings (beginning of the year) Ayayai Company Income Statement $ $2,000 15,300 9,400 6,200 2,900 3,900 20,500 $
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