Supplies 2,870 1,640 Prepaid Insurance 4,490 3,040 Equipment 16,000 16,000 $ 3,600 $ Accumulated Depreciation-Equipment 4,800 Accounts Payable 5,310 5,310 Salaries and Wages Payable 1,540 Unearned Rent Revenue 2,090 1,190 Common Stock 18,940 18,940 Retained Earnings 5,510 5,510 Dividends 2,610 2,610 Service Revenue 34,730 35,360 Rent Revenue 13,210 14,110 Salaries and Wages Expense 16,430 17,970 Supplies Expense 1,230 Rent Expense 20,990 20,990

Supplies 2,870 1,640 Prepaid Insurance 4,490 3,040 Equipment 16,000 16,000 $ 3,600 $ Accumulated Depreciation-Equipment 4,800 Accounts Payable 5,310 5,310 Salaries and Wages Payable 1,540 Unearned Rent Revenue 2,090 1,190 Common Stock 18,940 18,940 Retained Earnings 5,510 5,510 Dividends 2,610 2,610 Service Revenue 34,730 35,360 Rent Revenue 13,210 14,110 Salaries and Wages Expense 16,430 17,970 Supplies Expense 1,230 Rent Expense 20,990 20,990

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 5MCQ: Refer to the information for Cox Inc. above. What amount would Cox record as depreciation expense at...

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