GARCIA COMPAN909856Y

GARCIA COMPAN909856Y -...

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GARCIA COMPANY Balance Sheet August 31, 2008 Assets Cash. ................................................................................... $10,400 Accounts receivable. ......................................................... 9,800 Office supplies. .................................................................. 700 Prepaid insurance. ............................................................ 2,500 Office equipment. .............................................................. $14,000 Less: Accum. depreciation—office equipment. ............ 4,500 9,500 Total assets. ....................................................... $32,900 Liabilities and Owner’s Equity Liabilities Accounts payable. ..................................................................... $ 5,800 Salaries payable. ........................................................................ 1,100 Unearned rent.
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Unformatted text preview: ............................................................................ 600 Total liabilities. .................................................................... 7,500 Owners equity T. Garcia, Capital. ....................................................................... 25,400 Total liabilities and owners equity. .................................. $32,900 GARCIA COMPANY Balance Sheet as at August 31, 2008 Assets Cash $10,400 Accounts Receivable 9,800 Office Supplies 700 Prepaid Insurance 2,500 Office Equipment 14,000 Total Assets $37,400 Liabilities Accumulated Depreciation Office Equipment $4,500 Accounts Payable 5,800 Salaries Payable 1,100 Unearned Rent 600 $12,000 Equity T. Garcia, Capital $15,600 Net Income 9,800 25400 Total Liabilities and Equity $37,400...
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