12-3B_22e - Murphy Total Capital January 1 2008 Additional...

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Problem 12-3B 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. WARRICK AND MURPHY 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 Dan Ron Warrick Murphy Total Division of net income: Salary allowance Interest allowance Remaining income Net income 2. WARRICK AND MURPHY Statement of Partners' Equity For the Year Ended December 31, 2008 Dan Ron Warrick
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Unformatted text preview: Murphy Total Capital, January 1, 2008 Additional investment during the year Net income for the year Withdrawals during the year Capital, December 31, 2008 3. WARRICK AND MURPHY 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 Dan Warrick, capital Ron Murphy, capital Total partners' equity Total liabilities and partners' equity...
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This note was uploaded on 03/12/2011 for the course ACCT 2011 taught by Professor Field during the Fall '09 term at University of Minnesota Morris.

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12-3B_22e - Murphy Total Capital January 1 2008 Additional...

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