Net Income , SFP

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Net Income , SFP

Cash
12,000
Accounts Receivable
7,800
Prepaid Rent
2,200
Equipment
23,200
Accumulated
Depreciation-Equipment
5,300
Notes Payable
5,800
Accounts Payable
4,800
Owner's Capital
29,750
Owner's Drawings
3,800
Service Revenue
15,600
Salaries and Wages
10,600
Expense
Rent Expense
900
Depreciation Expense
750
Interest Expense
80
Interest Payable
80
Totals
61,330
61,330
Transcribed Image Text:Cash 12,000 Accounts Receivable 7,800 Prepaid Rent 2,200 Equipment 23,200 Accumulated Depreciation-Equipment 5,300 Notes Payable 5,800 Accounts Payable 4,800 Owner's Capital 29,750 Owner's Drawings 3,800 Service Revenue 15,600 Salaries and Wages 10,600 Expense Rent Expense 900 Depreciation Expense 750 Interest Expense 80 Interest Payable 80 Totals 61,330 61,330
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