work O Seved Help Save & Exit Submit Check my work alance sheets and income statement are presented below, along with additional information. Current Year Previous Year Belance Sheet at Decenber 31 $ 13,688 2,680 13,200 (3,220) $ 26,260 $ 1,280 1,880 3,200 12,e00 8,780 $ 26,260 $ 8,580 3,700 12,800 (2,700) $ 21,5e0 Cash Accounts Receivable Equipnent Accumulated Depreciation-Equipnent Total Assets Accounts Payable Salaries and Wages Payable Notes Payable (long-tern) Connon Stock Retained Earnings $ 2,280 1,680 1,e00 12, 800 4,700 $ 21,500 Total Liabilities and Stockholders' Equity Incone Statement Service Revenue Salaries and Wages Expense Depreciation Expense Incone Tax Expense Net Income $ 75,880 69, eee 520 2,200 $ 4,080 Additional Data: e Bought new golf clubs using cash, $1,200. - Borrowed $2,200 cash from the bank during the year. Because
work O Seved Help Save & Exit Submit Check my work alance sheets and income statement are presented below, along with additional information. Current Year Previous Year Belance Sheet at Decenber 31 $ 13,688 2,680 13,200 (3,220) $ 26,260 $ 1,280 1,880 3,200 12,e00 8,780 $ 26,260 $ 8,580 3,700 12,800 (2,700) $ 21,5e0 Cash Accounts Receivable Equipnent Accumulated Depreciation-Equipnent Total Assets Accounts Payable Salaries and Wages Payable Notes Payable (long-tern) Connon Stock Retained Earnings $ 2,280 1,680 1,e00 12, 800 4,700 $ 21,500 Total Liabilities and Stockholders' Equity Incone Statement Service Revenue Salaries and Wages Expense Depreciation Expense Incone Tax Expense Net Income $ 75,880 69, eee 520 2,200 $ 4,080 Additional Data: e Bought new golf clubs using cash, $1,200. - Borrowed $2,200 cash from the bank during the year. Because
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter10: Long-lived Tangible And Intangible Assets
Section: Chapter Questions
Problem 14E
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