Doc1 - 3 Lyryx Learning ~ Quiz 4 Mozilla Firefox

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Unformatted text preview: 3 Lyryx Learning ~ Quiz 4 - Mozilla Firefox http:,l',l'|aFal .lyryx.comi'stucient-servletsiLabServletHab:1DDDUD4&singleQuestion=-1flcommand=bestflrandom=0.632356803166994?&ccid=3293 Your solution to the question was: Velor Inc. M fitted: on ““1““ “'3' 93'3“ W Balance Sheet July 31. 2009 3i.-‘Ju Rent Expense ......................... 5.?50 Equity Debit Credit Prepaid Rent .................... 8.750 —Assets Accounts payable .............. 200 a. Accumulated amortization 2135‘J 31.-‘Ju Advertising Expense ................. 7.500 450in Advertising expense ........... 10,700 Advertising Payable ____________ 1500 +L'abilities Amortization expense ......... 3,825 0. Cash .............................. 59.3T5 31rJu Amortization expense ............... 2.975 30in Consulting revenue earned .. 1.500 Accumulated Amortization 2,975 —Assets Equipment ....................... 43,0CC c. Fees earned ..................... 15.000 31,-‘Ju Amortization expense ............... 85E 50in Furniture .......................... 14.8T5 Accumulated Amortization 850 45.5583 Prepaid rent ..................... 22,50". d. Rentexpenee ................... 4.101 31.-‘Ju Accounts Receivable ................ 100m: +Aeeete Retained earnings .............. 54.375 Fees Earned ,,,,,,,,,,,,,,,,,,,,, 10.000 +30in Share capital .................... 58.40“ e. Supplies -------------------------- 1,8CE 31.-'Ju Unearned :ees ....................... 3,500 —Liabilities Supplies expense .............. 3.1CC Fees Earned ..................... 3.500 +30in Unearned consulting revenue 9.300 f_ Unearned rent ................... 3.250 31.I‘Ju Supplies Expense .................... 15E: 450in Utilities expense ................ ZCC Suppl'es llllllllllllllllllllllllll 150 —Assets Totals 183,4?5 183.475 g. 31.-‘Ju Unearned Rent ........................ 2.000 -Liabi“ti85 Rent Earned ..................... 2,000 +Equity h. Marking: Done I Learning Llse. .. " Learning litui. .. ...
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