CashAccounts receivableSuppliesPrepaid rentBuilding & EquipmentAccounts payableSalaries payableInterest payableDeferred revenueNotes payableCommon stockRetained earningsDividendsService revenueSalaries expenseRent expenseInterest expenseSupplies expenseUtilities expenseAdvertising expense$25,00030,0003,00012,000?20,00015,00010,00025,000350,000400,000200,00075,000850,000400,00040,00020,00010,00015,000150,000$Total credit amountBuilding/Equipment$Net income$Ending retained earnings $Total Assets$

Balance sheet shows the financial position of the company. It represents that the assets are equa to…

Answered: Total credit amount Building/Equipment…

Business

Accounting

Total credit amount Building/Equipment sssss $ $ $ .Net income Ending retained earnings $ Total Assets $

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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Question

Cash
Accounts receivable
Supplies
Prepaid rent
Building & Equipment
Accounts payable
Salaries payable
Interest payable
Deferred revenue
Notes payable
Common stock
Retained earnings
Dividends
Service revenue
Salaries expense
Rent expense
Interest expense
Supplies expense
Utilities expense
Advertising expense
$25,000
30,000
3,000
12,000
?
20,000
15,000
10,000
25,000
350,000
400,000
200,000
75,000
850,000
400,000
40,000
20,000
10,000
15,000
150,000
$
Total credit amount
Building/Equipment
$
Net income
$
Ending retained earnings $
Total Assets
$

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