These financial statement items are for Carla Vista Company at year-end, July 31, 2020. Salaries and wages payable   $2,000   Notes payable (long-term)   $2,100 Salaries and wages expense   51,500   Cash   13,300 Utilities expense   22,600   Accounts receivable   9,200 Equipment   30,200   Accumulated depreciation―equipment   6,500 Accounts payable   4,800   Owner’s drawings   4,300 Service revenue   60,700   Depreciation expense   3,900 Rent revenue   8,700   Owner’s Capital (beginning of the year)   50,200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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These financial statement items are for Carla Vista Company at year-end, July 31, 2020.

Salaries and wages payable   $2,000   Notes payable (long-term)   $2,100
Salaries and wages expense   51,500   Cash   13,300
Utilities expense   22,600   Accounts receivable   9,200
Equipment   30,200   Accumulated depreciation―equipment   6,500
Accounts payable   4,800   Owner’s drawings   4,300
Service revenue   60,700   Depreciation expense   3,900
Rent revenue   8,700   Owner’s Capital (beginning of the year)   50,200
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