Details of this Paper

Debits Credits Cash ? Office Supplies 2640...

Description

Solution


Question

Debits Credits Cash ? Office Supplies 2640 Prepaid Insurance 2,200 Equipment 105,600 Accumulated Depreciation-Equipment 8,800 Trademarks 2,090 Accounts Payable 22,000 Wages Payable 1,100 Unearned Service Revenue 4,400 Bonds Payable due 2017 19,800 Common Stock 22,000 Retained Earnings 55,000 Service Revenue 22,000 Wages Expense 19,800 Insurance Expense 3,080 Rent Expense 2,640 Interest Expense 1,980 _______ Totals ? ? Additional information: 1. Net loss for the year was $5,500. 2. No dividends were declared during 2010. Instructions Prepare a classified balance sheet for Smith Company as of December 31, 2010.

 

Paper#8123 | Written in 18-Jul-2015

Price : $25
SiteLock