Question

Based upon the following information, compute total assets, total liabilities, and total capital; in addition, determine whether all of the accounts are listed.
Cash............... $ 22,000
Accounts receivable .......... 12,000
Accounts payable .......... 15,000
Equipment ............. 50,000
Rent expense ............ 11,000
Service revenue .......... 74,000
Notes payable .......... 17,000
Accumulated depreciation ...... 25,000
Depreciation expense........ 12,500
Office supplies.......... 3,000
Office supplies expense ........ 8,000
Salaries payable .......... 4,000




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  • CreatedDecember 30, 2014
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