lina-review assignment1 - ACCT3212 (Spring 2007) No. 1. 2.a...

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ACCT3212 (Spring 2007) No. 1. cash 10,000 common stock 10,000 2.a cash 30,000 note payable 30,000 b interest expense 1,500 cash 1,500 c interest expense 1,500 interest payable 1,500 3.a equipment 16,000 cash 16,000 b depreciation expense 5,000 accumulated depreciation expense 5,000 4.a prepaid rent 25,200 cash 25,200 b rent expense 6,300 prepaid rent 6,300 5.a supplies expense 1,500 cash 1,500 b supplies inventory 400 office expense 400 6.a inventory 170,000 accounts payable 170,000 b accounts payable 125,000 cash 125,000 7.a accounts receiable 310,000 sales revenue 310,000 cost of goods sold 180,000 inventory 180,000 b cash 230,000 accounts receiable 230,000 c bad debt expense allowance for uncollected account 8.a cash 6,000 unearned rent revenue 6,000
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ACCT3212 (Spring 2007) b unearned rent revenue 2,000 rent revenue 2,000 9.a salary payable 1,200 cash 1,200 b salary expense 13,200 cash 13,200 c salary expense 1,200 salary payable 1,200 10.a retained earning 7,000 cash 7,000 11. income tax expense cash 12.a rent revenue 2,000 sales revenue 310,000 retained earning 312,000
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lina-review assignment1 - ACCT3212 (Spring 2007) No. 1. 2.a...

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