The following information relates to Automative Services on 30 June 2021. Vehicles 135,000 160,000 72,000 97,500 13,500 33,750 13,500 13,200 6,000 6,500 12,500 2,750 11,100 9,750 Service Revenue Wages Expenses Cash at Bank Prepaid Insurance Wages Payable Depreciation expense Vehicles Accounts receivable Supplies Expense Supplies Unearned revenue Drawings Electricity Expense Accounts payable Capital Loan payable (due in 2021) Loan payable (due in 2025) Land Accumulated Depreciation- Vehicles 25,000 17,500 250,000 60,000

The following information relates to Automative Services on 30 June 2021. Vehicles 135,000 160,000 72,000 97,500 13,500 33,750 13,500 13,200 6,000 6,500 12,500 2,750 11,100 9,750 Service Revenue Wages Expenses Cash at Bank Prepaid Insurance Wages Payable Depreciation expense Vehicles Accounts receivable Supplies Expense Supplies Unearned revenue Drawings Electricity Expense Accounts payable Capital Loan payable (due in 2021) Loan payable (due in 2025) Land Accumulated Depreciation- Vehicles 25,000 17,500 250,000 60,000

Name: The following information relates to Automative Services on 30 June 2
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Description: The following information relates to Automative Services on 30 June 2021.VehiclesService RevenueWages ExpensesCash at BankPrepaid InsuranceWages PayableDepreciation expense VehiclesAccounts receivableSupplies ExpenseSuppliesUnearned revenue135,00016

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter3: Accrual Accounting

Section: Chapter Questions

Problem 2MCQ: In December 2019, Swanstrom Inc. receives a cash payment of $3,500 for services performed in...

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