acc280

Project Description:

e4-17


these financial statement items are for b. snyder at year-end, july 31, 2010.
salaries payable $2,080 note payable (long-term) $1,800
salaries expense 51,700 cash 24,200
utilities expense 22,600 accounts receivable 9,780
equipment 18,500 accumulated depreciation 6,000
accounts payable 4,100 b. snyder, drawing 4,000
commission revenue 61,100 depreciation expense 4,000
rent revenue 8,500 b. snyder, capital (beginning of the year) 51,200
instructions

(a) complete the income statement and an owner's equity statement for the year. the owner did not make any new investments during the year. (list amounts from largest to smallest eg 10, 5, 3, 2. if a net loss, record amount using either a negative sign preceding the number eg -45 or parentheses eg (45).)
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