dtrinh_Week_2_HW - Drew Corporation Balance Sheet For The...

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Balance Sheet For The Year Ended December 31, 2007 Assets Current Assets Cash  $17,900.00  Prepaid Insurance  $14,200.00  Prepaid Insurance  $3,500.00        Total CA  $35,600.00   Property, plant, and equipment  Equipment  $66,000.00  LESS: Accumulated Depreciation  $17,600.00        Total PPE  $48,400.00  Total Assets  $84,000.00  Liabilities Current Liabilities Accounts Payable  $13,300.00  Salaries Payable  $3,000.00        Total CL  $16,300.00  Total Liabilities  $16,300.00  Stockholders' equilty Common Stock  $13,000.00  Retained earnings  $31,000.00        Total St. Eq  $44,000.00  Total Liabilities and Stockholders' equilty  $60,300.00  Drew Corporation Income Statement For The Year Ended December 31, 2007 Revenue Service Revenue  $82,000.00  Expense Salaries expense  $37,000.00  Depreciation expense  $3,300.00  Utilities expense  $2,000.00  Repair expense  $1,800.00 
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dtrinh_Week_2_HW - Drew Corporation Balance Sheet For The...

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