890 890 30213 15107 15107 280000 140000 6800 12000

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Unformatted text preview: 00 140,000 6,800 12,000 9,600 10,000 890 30,213 70,497 MRyan Co. 20x5 Assets Cash BB 50,000 1 60,000 6 90,000 10 120,000 320,000 122,294 = 50,000 30,000 29,600 3,000 20,000 10,000 13,000 15,000 12,000 15,107 197,707 Accounts Receivable BB 60,000 60,000 6 30,000 500 10 40,000 70,000 500 69,500 2 3 4 5 8 12 14 15 16 19 BB 3 8 BB 1 9 12 13 BB Goodwill 20,000 120,000 160,000 280,000 20 Retained Earnings 14 13,000 115,800 BB 70,497 20 13,000 186,297 173,297 Revenues Sales 280,000 6 10 Expenses ) Cost of Goods Sold 7 60,000 11 80,000 140,000 140,000 16 20 Salary Expense 6,800 6,800 4 20 12,000 15 20 Rent Expense 12,000 Interest Expense 9,600 Interest Payable Taxes Payable 5 3,000 3,000 BB 15,107 19 4 Long-Term Debt 20,000 80,000 BB 60,000 20 Depreciation Expense 17 10,000 10,000 20 Bad Debt Expense 18 890 890 7 11 Equipment 190,000 10,000 200,000 200,000 Land 40,000 40,000 80,000 ( 9,600 Accumulated Depreciation-Equipment 60,000 BB 10,000 17 70,000 70,000 BB Salary Payable 8,200 8,200 BB 3,000 16 Owners' Equity + Common Stock 90,000 BB 40,000 13 130,000 9,600 Prepaid Rent 0 15 1,000 BB 16 Rent Payable 15 2,000 2,000 BB Allowance for Doubtful Accounts 9 500 1,000 BB 500 890 18 1,390 Inventory 50,000 60,000 120,000 80,000 80,000 250,000 140,000 110,...
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