Acct 2301 Chap 2A excel

Acct 2301 Chap 2A excel - Chap 2 FAVIANA ADRIANO SHIPPING...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chap 2 FAVIANA ADRIANO SHIPPING December 31 2007 2008 Cash $64,300 $15,640 Accounts receivable 26,240 19,390 Office supplies 3,160 1,960 Office equipment 44,000 44,000 Trucks 148,000 157,000 Building 0 80,000 Land 0 60,000 Accounts payable 3,500 33,500 Note payable 0 40,000 Cost of building and land $140,000 Cash paid for building and land 100,000 Note payable signed for building and land 40,000 Cash Adriano invested in business 35,000 Adriano's draws per month for personal use 3,000 Check figures: (2) Net income $23,290 The accounting records for Faviana Adriano Shipping is given in the excel problem. The assets and liabilities fo Ignore the facts about cost of building, land, notes payable above. The owner, Faviana Adriano, invested $35,000 cash in the business during 2008. The owner withdrew $3,000 1. Prepare balance sheets for the business as of December 31, 2007 and December 31, 2008. You have all the information to input the numbers for December 31, 2007 and December 31, 2008
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Acct 2301 Chap 2A excel - Chap 2 FAVIANA ADRIANO SHIPPING...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online