MBA800X15 - 1-Jan Cash30,000 Accumulated Depreciation9,000...

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Unformatted text preview: 1-Jan Cash30,000 Accumulated Depreciation9,000 Loss on Sale11,000 Equipment50,000 1-Jan Equipment30,000 Cash30,000 1-Apr Prepaid Rent6,000 Cash6,000 1-May Cash10,000 Notes Payable10,000 23-May Inventory4,000 Accopunts Payable4,000 14-Jun Cash16,000 Additional Paid-in Capital15,500 Common Stock500 21-Jun Accounts Receivable29,000 Sales29,000 18-Jul Accounts Payable8,000 Cash8,000 4-Aug Cash17,000 Accounts Receivable17,000 8-Sep Retained Earnings3,000 Cash3,000 31-Dec Depreciation Expense3,000 Accumulated Depreciation3,000 Rent Expense4,500 Prepaid Rent4,500 Interest Expense800 Interest Payable800 Cost of Goods Sold10,000 Inventory10,000 31-Dec Sales29,000 Income Summary29,000 Income Summary29,300 Loss on Sale11,000 Depreciation Expense3,000 Rent Expense4,500 Interest Expense800 Cost of Goods Sold10,000 Retained Earnings300 Income Summary300 Taylor CompanyBalance Sheet31 Dec 20x2Cash$36,000 Accounts Payable$3,000 Accounts Receivable18,000 Interest Payable800 Prepaid Rent1,500 Notes Payable...
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This note was uploaded on 07/28/2011 for the course MBA 800 taught by Professor Wallin during the Summer '11 term at Ohio State.

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MBA800X15 - 1-Jan Cash30,000 Accumulated Depreciation9,000...

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