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Unformatted text preview: 500 Land 25,000 Office Equipment 10,000 Accumulated Depreciation Office Eq. (167) Total Assets 67,663 Liabilities and Stockholders Equity Long Term Notes Payable 25,000 Accrued Salaries and Wages 300 Total Liabilities 25,300 Owners Equity Common Stock 50,000 Retained Earnings (7,667) Total Owners Equity 42,333 Total Liabilities and Owners Equity 67,663...
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- Fall '08
- Income Statement, Generally Accepted Accounting Principles, expense Total expenses, Pre-Paid Expense Rent, Pre-Paid Expense Supplies, Rent Expense Payroll