Acct 2301 Chap 4 excel solution1

Acct 2301 Chap 4 excel solution1 - Given Data Chap 4 KARISE...

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Given Data Chap 4 KARISE REPAIRS Adjusted Trial Balance December 31, 2008 101 Cash $14,000 124 Office supplies 1,300 128 Prepaid insurance 2,050 167 Equipment 50,000 168 Accumulated depreciation-Equipment $5,000 201 Accounts payable 14,000 210 Wages payable 600 301 S.Karise, Capital 33,000 302 S.Karise, Withdrawals 16,000 401 Repair fees earned 90,950 612 Depreciation expense-Equipment 5,000 623 Wages expense 37,500 637 Insurance expense 800 640 Rent expense 10,600 650 Office supplies expense 3,600 690 Utilities expense 2,700 Totals $143,550 $143,550 Check figures: (1) Ending capital balance $47,750 Net Income 30,750 (2) Post-closing trial balance totals 67,350
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Karise Repairs Income Statement For the Year Ended December 31, 2008 Repairs fees earned $90,950 Expenses: Depreciation expense-Equipment $5,000 Wages Expense 37,500 Insurance Expense 800 Rent Expense 10,600 Office Supplies Expense 3,600 Utilities Expense 2,700 Total Expense 60,200 Net Income $30,750 Karise Repairs Statement of Owner's Equity
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Acct 2301 Chap 4 excel solution1 - Given Data Chap 4 KARISE...

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