Week 3 Chapter 3 Decision Case 1

Week 3 Chapter 3 Decision Case 1 - WORLD.COMADVERTISING...

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WORLD.COM ADVERT Work Sheet January 31, 2012 Account Debit Credit Cash 9,700 Accounts receivable 14,100 Prepaid expenses 2,600 Building 221,300 Accumulated depreciation 68,600 Accounts payable 13,000 Salary payable Unearned service revenue 56,700 Lee Nicholas, Capital 110,400 Lee Nicholas, Withdrawals 9,000 Service revenue 12,300 Rent expense Salary expense 3,400 Utilities expense 900 Depreciation expense Supplies expense Total 261,000 261,000 FROM R WORLD.COM ADVERTISING Income Statement Month Ended January 31, 2012 Revenues: Service revenue $12,300 Expenses: Rent Expense Salary Expense 3,400 Utilities Expense 900 Depreciation expense Supplies Expense Total Expenses 4,300 Net income 8,000 Nicholas
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WORLD.COM ADVERTISING Income Statement Month Ended January 31, 2012 Revenues: Service revenue $16,100 Expenses: Rent Expense Salary Expense 3,400 Utilities Expense 2,000 Depreciation expense Supplies Expense Total Expenses 5,400 Net income 10,700 EXPECT TO EARN - inc WORLD.COM ADVERTISING
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Week 3 Chapter 3 Decision Case 1 - WORLD.COMADVERTISING...

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