Preparing+Financial+Statements

Preparing+Financial+Statements - 52,000 K.Webb, Capital . ....

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Account Title Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000 Accounts receivable . . . . . . . . . . . . . . . . . . . 16,500 Office supplies . . . . . . . . . . . . . . . . . . . . . . 2,000 Trucks . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170,000 Accumulated depreciation—Trucks . . . . . . . . $35,000 Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000 Accounts payable . . . . . . . . . . . . . . . . . . . . . 11,000 Interest payable . . . . . . . . . . . . . . . . . . . . . . 3,000 Long-term notes payable . . . . . . . . . . . . . . .
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Unformatted text preview: 52,000 K.Webb, Capital . . . . . . . . . . . . . . . . . . . . . 161,000 K.Webb, Withdrawals . . . . . . . . . . . . . . . . . 19,000 Trucking fees earned . . . . . . . . . . . . . . . . . . 128,000 Depreciation expenseTrucks . . . . . . . . . . . 22,500 Salaries expense . . . . . . . . . . . . . . . . . . . . . 60,000 Office supplies expense . . . . . . . . . . . . . . . . 7,000 Repairs expenseTrucks . . . . . . . . . . . . . . . 11,000 Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $390,000 $390,000...
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