Debit Balances Credit Balances 42,900 Cash Accounts Receivable. .... 123,500 .... Prepaid Insurance. Equipment.... Accounts Payable. Salaries Payable.. 27,000 300,000 52,000 4,800 40,000 .... Common Stock . ..... Retained Earnings Dividends .. Service Revenue.. Salary Expense... Advertising Expense.. Miscellaneous Expense 137,200 5,000 1,216,000 660,000 275,000 16,600 1,801,500 1,801,500
Debit Balances Credit Balances 42,900 Cash Accounts Receivable. .... 123,500 .... Prepaid Insurance. Equipment.... Accounts Payable. Salaries Payable.. 27,000 300,000 52,000 4,800 40,000 .... Common Stock . ..... Retained Earnings Dividends .. Service Revenue.. Salary Expense... Advertising Expense.. Miscellaneous Expense 137,200 5,000 1,216,000 660,000 275,000 16,600 1,801,500 1,801,500
Chapter1: Financial Statements And Business Decisions
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