U2 L6 - Assessment - Land 120 Owner's Equity Building 125...

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Julie's Nail Salon Bank Accounts Receivable Supplies 10,000 8,200 1,050 Land Building Accounts Payable 36,500 130,000 3,800 Mortgage Payable J. Meyers, Capital J. Meyers, Drawings 75,000 55,840 15,000 Interest Revenue Advertising Expense Bank Charges Expense 2,000 1,500 650 Maintenance Expense Utilities Expense Wages Expense 1,640 7,850 62,500
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Equipment 2,600 Bank Loan 9,000 Service Revenue 132,000 General Expense 150
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Julie's Nail Salon Chart of Accounts Assets Liabilities Owner's Equity Revenue Expenses
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Julie's Nail Salon Chart of Accounts Assets Liabilities Bank 100 Accounts Payable 200 Accounts Receivable 105 Bank Loan 205 Supplies 110 Mortgage Payable 210 Equipment 115
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Unformatted text preview: Land 120 Owner's Equity Building 125 J. Meyers, Capital 300 J. Meyers, Drawings 305 Revenue Service Revenue 400 Interest Revenue 405 Expenses Advertising Expense 500 Bank Charges Expense 505 General Expense 510 Maintenance Expense 515 Utilities Expense 520 Wages Expense 525 Julie's Nail Salon Income Statement Year ended August 31, 20-5 Revenue Service Revenue $132,000 Interest Revenue 2,000 Total Revenue $134,000 Operating Expenses Advertising Expense 1,500 Bank Charges Expense 650 General Expense 150 Maintenance Expense 1,640 Utilities Expense 7,850 Wages Expense 62,500 Total Expenses 74,290 Net Income $59,710...
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This note was uploaded on 07/15/2011 for the course AFM 102 taught by Professor Aa during the Summer '07 term at Court Reporting Institute of Dallas.

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U2 L6 - Assessment - Land 120 Owner's Equity Building 125...

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