Retained earnings (beginning of year) $33,000 Utilities expense 2,000 56,000 Equipment Accounts payable 15,300 Cash 15,900 Salaries and wages payable 3,000 Common stock 13,000 Dividends 14,000 Service revenue 78,000 Prepaid insurance Maintenance and repairs expense 3,500 1,800 Depreciation expense 3,300 14,200 Accounts receivable Insurance expense 2,200 Salaries and wages expense 47,000 Accumulated depreciation-equipment 17,600

Retained earnings (beginning of year) $33,000 Utilities expense 2,000 56,000 Equipment Accounts payable 15,300 Cash 15,900 Salaries and wages payable 3,000 Common stock 13,000 Dividends 14,000 Service revenue 78,000 Prepaid insurance Maintenance and repairs expense 3,500 1,800 Depreciation expense 3,300 14,200 Accounts receivable Insurance expense 2,200 Salaries and wages expense 47,000 Accumulated depreciation-equipment 17,600

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 53BE

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