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Dividends 59,540 Common Stock ? 890 40,180

Dividends 59,540 Common Stock ? 890 40,180

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 14P: Analyzing Accounts Receivable Upham Companys June 30, 2019, balance sheet included the following...
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The accounts in the ledger of Cullumber Delivery Service contain the following balances on July 31, 2022. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2025) $15,300 10,300 ? 59,540 3,658 710 30,250 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2022) $3,400 17,200 890 40,180 9,228 930 6,400
Transcribed Image Text:The accounts in the ledger of Cullumber Delivery Service contain the following balances on July 31, 2022. Accounts Receivable Accounts Payable Cash Equipment Maintenance and Repairs Expense Insurance Expense Notes Payable (due 2025) $15,300 10,300 ? 59,540 3,658 710 30,250 Prepaid Insurance Service Revenue Dividends Common Stock Salaries and Wages Expense Salaries and Wages Payable Retained Earnings (July 1, 2022) $3,400 17,200 890 40,180 9,228 930 6,400
Prepare a classified balance sheet for the month of July 2022. (List current assets in order of liquidity) CULLUMBER DELIVERY SERVICE Balance Sheet $ Assets Liabilities and Stockholders' Equity $ $ $ $
Transcribed Image Text:Prepare a classified balance sheet for the month of July 2022. (List current assets in order of liquidity) CULLUMBER DELIVERY SERVICE Balance Sheet $ Assets Liabilities and Stockholders' Equity $ $ $ $
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