CP+Templates - Income Statement For the Year Ended December...

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1 f of 5 points 2 i 3 b 4 h 5 c 6 d 7 g 8 e 9 a
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of 10 points Webb Trucking Company Balance Sheet 31-Dec-05 ASSETS   Current Assets Cash $7,000  Accounts Receivable $16,500  Office Supplies 2,000   Total Current Assets $25,500     Plant Assets Trucks $170,000  Accum. Depreciation Trucks $35,000  $135,000  Land  $75,000    Total Plant Assets $210,000  TOTAL ASSETS $235,500 text will turn amount sho LIABILITIES Accounts Payable $11,000  Interest Payable $3,000    Total Current Liabilities $14,000    Long Term Notes Payable $52,000  TOTAL LIABILITIES $66,000  EQUITY   K. Webb, Capital $169,500  $235,500 text will turn    Current Liabilities
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s n red when correct answer is entered ould be entered using $ sign and comma ($156,000) n red when correct answer is entered
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Webb Trucking Company
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Unformatted text preview: Income Statement For the Year Ended December 31, 2005 $263,500 Expenses Salaries Expense $60,000 Depreciation Expense Truck $22,500 Office Supplies Expense $7,000 Repair Expense Trucks $11,000 Total Expenses $100,500 Net Income $163,000 text will turn use $ sign, Webb Trucking Company Statement of Owner's Equity For the Year Ended December 31, 2005 K. Webb Capital, December 31, 2004 $161,000 Add: Net Income $60,500 Office Supplies $7,000 Less: Owner's Withdrawal $19,000 K. Webb, Capital, December 31, 2005 $209,500 text will turn use $ sign, of 10 points rn red when correct amount is entered , comma ($31,432) rn red when correct amount is entered , comma ($31,432)...
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CP+Templates - Income Statement For the Year Ended December...

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