Accounts payable 5000 Notes payable 7000 Accounts receivable 2000 Rent expense

Accounts payable 5000 notes payable 7000 accounts

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Accounts payable $ 5,000 Notes payable $ 7,000 Accounts receivable 2,000 Rent expense 10,000 Advertising expense 4,000 Retained earnings ? Cash 3,100 Service revenue 25,000 Common stock 15,000 Supplies 1,900 Dividends 2,500 Supplies expense 1,700 Equipment 26,800 Prepare an income statement, a retained earnings statement, and a balance sheet for Gray Corporation. E1-3 The Bonita Vista Golf & Country Club details the following accounts in its financial statements. Accounts payable ______ Accounts receivable ______ Equipment ______ Sales revenue ______ Service revenue ______ Inventory ______ Mortgage payable ______ Supplies expense ______ Rent expense ______ Salaries and wages expense ______ Instructions Classify each of the above accounts as an asset (A) , liability (L) , stockholders' equity (SE) , revenue (R) , or expense (E) item.
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