Bullseye Market Research Company (BMRC) specializes in conducting focus groups for businesses launching a new product. BMRC analyzes customer likes and dislikes to ensure new products will be successful. No. Account Debit Credit 201 Accounts payable.. $ 100 108 Accounts receivable.. $2,000 168 Accumulated depreciation, equipment.. 7,250 184 Accumulated depreciation, office furniture... 3,100 101 Cash... 1,500 302 Consulting revenue... 44,000 194 Copyright.. 4,200 251 Dan Eagle, capital... 24,715 301 Dan Eagle, withdrawals.. 3,500 606 Depreciation expense, office furniture.. 700 167 Equipment... 16,000 633 Insurance expense... 600 401 Interest income.. 70 623 Interest expense.. 30 233 Long-term notes payable.. 4,000 145 Notes receivable.. 5,000 183 Office furniture... 5,100 104 Short-term investments... 4,000 126 Supplies.. 750 637 Supplies expense 2,150 652 Telephone expense. 470 203 Unearned consulting revenue... 3,375 688 Utilities expense.. 3,230 612 Wages expense.. _37,380 Totals.. $86,610 $86,610
Bullseye Market Research Company (BMRC) specializes in conducting focus groups for businesses launching a new product. BMRC analyzes customer likes and dislikes to ensure new products will be successful. No. Account Debit Credit 201 Accounts payable.. $ 100 108 Accounts receivable.. $2,000 168 Accumulated depreciation, equipment.. 7,250 184 Accumulated depreciation, office furniture... 3,100 101 Cash... 1,500 302 Consulting revenue... 44,000 194 Copyright.. 4,200 251 Dan Eagle, capital... 24,715 301 Dan Eagle, withdrawals.. 3,500 606 Depreciation expense, office furniture.. 700 167 Equipment... 16,000 633 Insurance expense... 600 401 Interest income.. 70 623 Interest expense.. 30 233 Long-term notes payable.. 4,000 145 Notes receivable.. 5,000 183 Office furniture... 5,100 104 Short-term investments... 4,000 126 Supplies.. 750 637 Supplies expense 2,150 652 Telephone expense. 470 203 Unearned consulting revenue... 3,375 688 Utilities expense.. 3,230 612 Wages expense.. _37,380 Totals.. $86,610 $86,610
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 68.3C
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