Continuing Problem Template_1_done

Continuing Problem Template_1_done - Dancin Music 2. Dancin...

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Dancin Music Name: 2. Dancin Music Income Statement Revenues $5,700 Expenses Music Expense $1,340 1,000 800 Advertising Expense 750 400 Utilities Expense 350 180 Misc. Expense 150 Total expenses 4,970 Net income $730 Dancin Music Retained Earnings Statement Retained earnings, April 1, 2008 $0 Net income for April $730 Less Dividends $300 Retained earnings, April 30, 2008 $430 Dancin Music Balance Sheet Assets Liabilities Cash $9,160 Accounts payable $250 Account Receivable $1,350 Supplies 170 Stockholders' Equity Capital stock $10,000 Retained earnings 430 Total stockholders' equity 10,430 Total assets $10,680 Total liabilities and stockholders' equity $10,680 Fees Earned Office Rent Expense Equipment Rent Expense Wages Expense Supplies Expense
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Dancin Music Name: 1. Assets = Liabilities + Owner's Equity Accounts Capital Fees Music Office Rent Equip Rent Advertising Wages Utilities Supplies Misc. Cash
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This test prep was uploaded on 02/20/2008 for the course ACCT 201 taught by Professor Peterv during the Spring '08 term at Bellevue College.

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Continuing Problem Template_1_done - Dancin Music 2. Dancin...

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