Account DR Cash $40,000 A/R 20,000 Rent Exp 12,000 Dividends 5,000 Sales Return 8,000 Wage Exp 15,000 Capital $20,000 A/P 10,000 Unearned Revenue 5,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Income statement
Account
DR
CR
Cash
$40,000
A/R
20,000
Rent Exp
12,000
Dividends
5,000
Sales Return
৪,000
Wage Exp
15,000
Capital
$20,000
A/P
10,000
Unearned Revenue
5,000
Sales
35,000
RE at the beginning
30,000
Transcribed Image Text:Account DR CR Cash $40,000 A/R 20,000 Rent Exp 12,000 Dividends 5,000 Sales Return ৪,000 Wage Exp 15,000 Capital $20,000 A/P 10,000 Unearned Revenue 5,000 Sales 35,000 RE at the beginning 30,000
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