Question: A 1 5 B C D E F G H I Last year, on January 1, 2018, Mindy paid for a three-year insurance contract totaling


A 1 5 B C D E F G H I Last year, on January 1, 2018, Mindy paid for a three-year insurance contract totaling 39,600 Record this year's (2019's) expiration of insurance Debt Credit 2 Throughout the year, Mindy has used up $8,750 of baking supples used for baked goods. Debit Credit 18 3 Mindy had sales of $14,500 for her baked goods She only accepted cash and did not collect sales tax. Credi 4 Mindy currently rents a small space that has room for her kitchen and a retail area. Her rent expense per month is $750. She pays her rent in cash, and has not recorded a rental payment in the books yet this year Debit Credit 5 Mindy also paid $200 a month in utilities throughout the year in cash. Debit Credit K 6 On January 1st, Mindy sold one of her ovens for $3,000. She originaly purchased for $4,500 and had accumulated depreciation of $2,700. Debit Credit 7 in previous years Mindy had purchased all of her kitchen equipment for a total of $16,000. Current Il year depreciation for the remaining kitchen equipment (after the sale of the oven) is $2,300. Debit Credit 8 On March 1st of this year, Mindy decided to start selling baking sheets as well as baked goods. She purchased shelving and tables to display her retail inventory on account for $4,000. Debit Credit 9 Mindy determined the shelving and tables that she purchased on March 1st to have a useful live of 5 years. She uses straight-line depreciation. Record depreciation for this year Debt Credit 10 Mindy has been teaching baking classes in people's homes. She se s tickets in advance and accepts credit cards. She had done 20 parties in 2019, with 8 people attending each party, at $100 Der ticket Sha r e to 20
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
