Refer to the financial information in E1.15 for Atlantic Cruise Co. at May 31, 2021. Instructions Prepare
Question:
Refer to the financial information in E1.15 for Atlantic Cruise Co. at May 31, 2021.
Instructions
Prepare the balance sheet.
E1.15
Transcribed Image Text:
Accounts payable Accounts receivable Advertising expense Building Interest expense Investments by owner Maintenance expense Notes payable Other expenses Prepaid insurance Revenue Salaries expense Supplies $ 47,750 42,950 3,640 122,570 20,080 553,300 311,182 33,950 2,566 $ 20,960 5,847 82,870 379,000 Cash Equipment I. Temelkova, capital, June 1, 2020 I. Temelkova, drawings Insurance expense 1,283 350,640 126,950
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ATLANTIC CRUISE CO Balance Sheet May 31 2021 Assets Cash20080 Accounts receivable 42950 Supp...View the full answer
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Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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