Question: This question gets me everytime. I alqays get stuck after the tea accounts. Please help Alison and Chuck Renny began operations of their furniture repair

This question gets me everytime. I alqays get stuck after the tea accounts. Please help  This question gets me everytime. I alqays get stuck after the
tea accounts. Please help Alison and Chuck Renny began operations of their
furniture repair shop (Lazy Sofa Furniture, Inc) on January 1,2014. The annual
reporting period ends December 31. The trial balanice on January 1, 2015,
appears below (amounts are rounded to thousands of dollars to simplity) $
4 Accounts Receivable Supplies Equipment s o Accumulated Amortization Accounts Payable Notes
Payable (long-term) Salaries and Wages Payable Interest Payable Income Tax Payable Unearned
Revenue Common Stock Retained Earnings Service Revenue Supplies Expense Depreciation Expense Salaries
and Wages Expense Amortization Expense Interest Expense Income Tax Expense 15 Totals
$32 $32 Transactions during 2015 (summarized in thousands of dollars) follow 1.
Borrowed $12 cesh on July 1, 2015, signing a six-month note paysble
2. Purchased equipment for $14 cash on July 1, 2015 3. Issued

Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc) on January 1,2014. The annual reporting period ends December 31. The trial balanice on January 1, 2015, appears below (amounts are rounded to thousands of dollars to simplity) $ 4 Accounts Receivable Supplies Equipment s o Accumulated Amortization Accounts Payable Notes Payable (long-term) Salaries and Wages Payable Interest Payable Income Tax Payable Unearned Revenue Common Stock Retained Earnings Service Revenue Supplies Expense Depreciation Expense Salaries and Wages Expense Amortization Expense Interest Expense Income Tax Expense 15 Totals $32 $32 Transactions during 2015 (summarized in thousands of dollars) follow 1. Borrowed $12 cesh on July 1, 2015, signing a six-month note paysble 2. Purchased equipment for $14 cash on July 1, 2015 3. Issued additional shares of common stock for $4 4 Eamed revenues for 2015 in the amount of $55, including $8 on credit and $47 received in cazh. 5 Recognized salaries and wages expenses for 2015 of $28 paid in cash. 6. Purchased additional equipment, $4 cash 7 Collected accounts recelvable. $7 3. Paid accounts payable. $10 9Prchased on account supplies for future use. $9 Type here to search Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc) on January 1,2014. The annual reporting period ends December 31. The trial balanice on January 1, 2015, appears below (amounts are rounded to thousands of dollars to simplity) $ 4 Accounts Receivable Supplies Equipment s o Accumulated Amortization Accounts Payable Notes Payable (long-term) Salaries and Wages Payable Interest Payable Income Tax Payable Unearned Revenue Common Stock Retained Earnings Service Revenue Supplies Expense Depreciation Expense Salaries and Wages Expense Amortization Expense Interest Expense Income Tax Expense 15 Totals $32 $32 Transactions during 2015 (summarized in thousands of dollars) follow 1. Borrowed $12 cesh on July 1, 2015, signing a six-month note paysble 2. Purchased equipment for $14 cash on July 1, 2015 3. Issued additional shares of common stock for $4 4 Eamed revenues for 2015 in the amount of $55, including $8 on credit and $47 received in cazh. 5 Recognized salaries and wages expenses for 2015 of $28 paid in cash. 6. Purchased additional equipment, $4 cash 7 Collected accounts recelvable. $7 3. Paid accounts payable. $10 9Prchased on account supplies for future use. $9 Type here to search

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