Retained earnings at the beginning of the year is zero.
Supplies = 1810
Service revenue = 32000
Unearned revenue = 2500
Prepaid expense = 4040
Rent expense = 13450
Intangibles = 13000
Wages payable = 2100
Cash = 5710
Owner's capital = 10500
Loan payable due in 2025 = 6600
Wages expense = 9600
Advertising expense = 3000
Accounts receivable = 4190
Dividends = 1000
Supplies expense = 3500
Accounts payable = 5600

Required:

Current assets?

Total liabilities and equity?

Total equity?

Total liabilities?

Calculate the missing numbers that follow the list of account balances. Enter the digits only - no dollar signs or commas.

Answer rating: 100% (QA)

To calculate the current assets we add up the balances of all the assets that are expected to be con... View the full answer