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Salaries and wages payable Salaries and wages expense Utilities expense Equipment $1,700 51,800 22,500 29,100 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment $1,700 13,400 9,500 6,300

Salaries and wages payable Salaries and wages expense Utilities expense Equipment $1,700 51,800 22,500 29,100 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equipment $1,700 13,400 9,500 6,300

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 8SPB: INCOME STATEMENT, STATEMENT OF OWNERS EQUITY, AND BALANCE SHEET Backlund Farm Supply completed the...
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Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Income statement $1,700 Notes payable (long-term) 51,800 Cash 22,500 Accounts receivable 29,100 Accumulated depreciation-equipment 4,500 Owner's drawings 61,100 Depreciation expense 8,700 Owner's Capital (beginning of the year) $1,700 13,400 9,500 6,300 3,800 4,500 50,600
Transcribed Image Text:Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Income statement $1,700 Notes payable (long-term) 51,800 Cash 22,500 Accounts receivable 29,100 Accumulated depreciation-equipment 4,500 Owner's drawings 61,100 Depreciation expense 8,700 Owner's Capital (beginning of the year) $1,700 13,400 9,500 6,300 3,800 4,500 50,600
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