Hwk__2 - . 4,000 Property tax expense 2,000 Interest...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
HOMEWORK #2 DUE Sept. 5 5 points Below are listed, in random order, accounts for BackUp Corporation for the year-ended August 31, 2008. Assume beginning Retained Earnings was $111,000. Prepare a Income Statement, a Statement of Retained Earnings, and a Balance Sheet. Be sure to use proper headings for these financial statements. Land……………. . $ 8,000 Equipment ………………. $ 31,000 Note payable …… 31,000 Interest expense………….
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: . 4,000 Property tax expense 2,000 Interest payable …………. 1,000 Rent expense …… 14,000 Accounts payable ………. . 12,000 Accounts receivable. . 25,000 Salary expense …………. . 34,000 Service revenue …. 140,000 Building ………………… 126,000 Supplies …………. 2,000 Cash ……………………. 14,000 Utilities expense … 3,000 Capital stock …………… 10,000 Dividends declared . . 42,000 Harrison...
View Full Document

This note was uploaded on 12/02/2008 for the course ACCT 201 taught by Professor Anothony during the Spring '07 term at Michigan State University.

Ask a homework question - tutors are online