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quize 1 solution - 168500 Total Owners' Equity 248500 Total...

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Name_____________________ 4-Digit Number [if known]_______Section #_________ Zhi Pei 7688 14518 Assets: Cash 394250 Supplies Inventory 2100 Total Assets 405350 Liabilities: Accounts Payable 37450 Interest Payable 1400 Unearned Revenues 115000 Rent payable 3000 Total Liabilities 156850 Owners' Equity: Contributed Capital 80000 Retained Earnings
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Unformatted text preview: 168500 Total Owners' Equity 248500 Total Liab. & OE Revenues: Consulting 365000 Total Revenues 365000 Expenses: Salaries 161000 Office Rent 21000 Supplies 4900 Interest 1400 utility 8200 Total expenses 196500 Net Income 168500 Determining Year-End Account Balances: [073Q1]...
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This note was uploaded on 10/04/2008 for the course BUAD 250A taught by Professor 10:00-10:50 during the Fall '06 term at USC.

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