Book2 - Assets Cash $25,000.00 $30,000.00 $24,600.00...

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Assets  Liabilities Cash Accounts Receivable Accumulated Dep. $25,000.00 $20,000.00 $148,200.00 $142,400.00 $400.00 $30,000.00 $4,000.00 $1,500.00 $24,600.00 $10,000.00 $142,400.00 $8,000.00 $850.00 $16,700.00 $139,800.00 $24,350.00 $5,800.00 $1,900.00 Merchandise Inventory Prepaid Rent Account Payable $160,000.00 $140,000.00 $20,000.00 $10,000.00 $14,600.00 $160,000.00 $14,600.00 $139,800.00 $5,400.00 $10,000.00 $5,600.00 Deposit with Suppliers  Equipment Interest Payable $8,000.00 $4,000.00 $900.00 $10,000.00 $8,000.00 $14,000.00 $900.00
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Shareholders' Equity Note Payable Common Stock Retained Earnings $30,000.00 $25,000.00 $1,980.00 $30,000.00 $25,000.00 $1,980.00 Adv. From Customer Sales Revenue Cost of Goods Sold $850.00 $172,800.00 $172,800.00 $140,000.00 $140,000.00 $850.00 $0.00 $0.00 Income Tax Payable Compensation Expense Interest Expanse $1,320.00 $16,700.00 $16,700.00 $900.00 $900.00 $1,320.00 $0.00 $0.00 Rent Expense Depreciation Expense $10,000.00 $10,000.00 $400.00 $1,900.00 $1,500.00 $0.00 $0.00
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This note was uploaded on 10/12/2010 for the course MBA 11111 taught by Professor Spike during the Fall '10 term at Lewis University .

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Book2 - Assets Cash $25,000.00 $30,000.00 $24,600.00...

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