The worksheet of Lantzs Office Supplies contains the following asset and liability accounts. The balance of the
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The worksheet of Lantz’s Office Supplies contains the following asset and liability accounts. The balance of the Notes Payable account consists of notes that are due within a year. Prepare a balance sheet dated December 31, 20X1. Obtain the ending capital for the period from the statement of owner’s equity completed in Exercise 13.4.
ACCOUNTS
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101 107 111 112 121 131 133 141 142 151 152 201 203 216 231 Cash Change Fund Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Store Supplies Prepaid Interest Store Equipment Accum. Depreciation-Store Equipment Office Equipment Accum. Depreciation-Office Equipment Notes Payable Accounts Payable Interest Payable Sales Tax Payable $12,655 Dr. 500 Dr. 15,140 Dr. 860 Cr. 52,725 Dr. 1,100 Dr. 130 11,200 Dr. Dr. 1,180 Cr. 3,400 Dr. 500 Cr. 5,500 Cr. 6,725 Cr. 110 Cr. Cr. 1,890
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College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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