Example 5336 (Page 69)

Example 5336 (Page 69) - 14000 Total Assets Year 1 = 50800...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
A L OE Cash Notes Payable CC 4000 480 4000 4000 4000 4000 1250 RE 12000 7500 Interest Payable 36635 12000 270 140 140 14475 Total Year 1 = 22500 Total OE Year 1 = 406 28000 1250 Office Rent Payable Total OE end of year 21000 16500 2400 2400 4210 3600 Accounts Payable 3200 630 900 480 270 900 Total Year 2 = 42260 Prepaid Equip rent 480 280 Salaries Payable 625 625 Supplies 750 900 630 900 170 Unearned Revenue 700 9000 12000 3000 Accounts Receivable Total Liabilities Year 1 = 10165 28000 28000 Total Liabilities end of year 2 = 1650
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 14000 Total Assets Year 1 = 50800 Total Assets Year 2 = 56760 Revenue Expenses Income 40000 Interest expense Total Year 1 = 36635 9000 140 Total yr. 1 = 49000 70 Total Year 2 = 14, 475 3000 35000 Office Rent Expense 2400 1200 3200 Equip Rent Expense 280 480 Salary Expense 1250 7500 625 Total yr. 1 = 9375 625 16500 750 Total yr. 2 = 17875 Supplies Expense 170 700 635 2 = 55110 5...
View Full Document

This note was uploaded on 02/23/2010 for the course BUAD 250A taught by Professor 10:00-10:50 during the Fall '06 term at USC.

Page1 / 4

Example 5336 (Page 69) - 14000 Total Assets Year 1 = 50800...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online