CASH $9,928 SUPPLIES $3,600 DEPRECIATION EXPENSE, BUILDING $3,000 SALES $245,000 BUILDING, NET OF ACCUMULATED DEPRECIATION $305,000 COST
Fantastic news! We've Found the answer you've been seeking!
Question:
CASH | $9,928 |
SUPPLIES | $3,600 |
DEPRECIATION EXPENSE, BUILDING | $3,000 |
SALES | $245,000 |
BUILDING, NET OF ACCUMULATED DEPRECIATION | $305,000 |
COST OF GOODS SOLD | $120,000 |
INSURANCE EXPENSE | $1,425 |
INTEREST EXPENSE | $1,200 |
PATENT | $10,200 |
ACCOUNTS PAYABLE | $2,500 |
ACCOUNTS RECEIVABLE | $10,800 |
COMMON SHARES DEC 31, 2021 | $80,367 |
WAGES EXPENSE | $17,500 |
RETAINED EARNINGS BALANCE DEC 31, 2021 | $80,540 |
SUPPLIES EXPENSE | $900 |
SHORT TERM LOAN | $2,330 |
LONG TERM NOTES PAYABLE | $124,060 |
DIVIDENDS ISSUED IN 2022 | $26,000 |
TAX RATE | 25% |
|
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date: