12-3A_22e - Total Capital, January 1, 2008 Additional...

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Problem 12-3A Name: Section: Enter the appropriate amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. 1. SATO AND KOENING Income Statement For the Year Ended December 31, 2008 Professional fees Expenses: Salary expense Depreciation expense - building Property tax expense Heating and lighting expense Supplies expense Depreciation expense - office equipment Miscellaneous expense Total expenses Net income Peter May Sato Koening Total Division of net income: Salary allowance Interest allowance Remaining income Net income 2. SATO AND KOENING Statement of Partners' Equity For the Year Ended December 31, 2008 Peter May Sato Koening
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Unformatted text preview: Total Capital, January 1, 2008 Additional investment during the year Total Net income for the year Total Withdrawals during the year Capital, December 31, 2008 3. SATO AND KOENING Balance Sheet December 31, 2008 Assets Current assets: Cash Accounts receivable Supplies Total current assets Plant assets: Land Building Less accumulated depreciation Office equipment Less accumulated depreciation Total plant assets Total assets Liabilities Current liabilities: Accounts payable Salaries payable Total liabilities Partners' Equity Peter Sato, capital May Koening, capital Total partners' equity Total liabilities and partners' equity...
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12-3A_22e - Total Capital, January 1, 2008 Additional...

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