Exercise 2-8 (Part Level Submission) These financial statement items are for Barfield Corporation at year-end, July 31, 2014 Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2017) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 4,057 58,915 17,580 20,477 4,100 67,515 10,480 3,298 16,000 30,235 11,278 7,316 4,000 5,316 35,035 Barfield Corporation did not issue any new stock during the year