The income and expense accounts of Rosie Corp. for the year ended 2019 are listed below. Sales 1,150,000.00 Advertising expense 153,000.00 Commission expense 470,000.00 Office supplies expense 37,000.00 Rent expense 18,000.00 Salaries expense 280,000.00 Utilities expense 49,000.00 Depreciation expense 5,000.00 On January 1, 2019, Rosie Corp. has a 125,000 capital balance. During the year, Casio Corp. invested additional 126,000 and withdrew 280,000. What is the balance of Casio Corp.’s equity or capital account on December 31, 2019? 109,000 113,000 115,000 119,000
The income and expense accounts of Rosie Corp. for the year ended 2019 are listed below. Sales 1,150,000.00 Advertising expense 153,000.00 Commission expense 470,000.00 Office supplies expense 37,000.00 Rent expense 18,000.00 Salaries expense 280,000.00 Utilities expense 49,000.00 Depreciation expense 5,000.00 On January 1, 2019, Rosie Corp. has a 125,000 capital balance. During the year, Casio Corp. invested additional 126,000 and withdrew 280,000. What is the balance of Casio Corp.’s equity or capital account on December 31, 2019? 109,000 113,000 115,000 119,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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The income and expense accounts of Rosie Corp. for the year ended 2019 are listed below. Sales 1,150,000.00 Advertising expense 153,000.00 Commission expense 470,000.00 Office supplies expense 37,000.00 Rent expense 18,000.00 Salaries expense 280,000.00 Utilities expense 49,000.00 Depreciation expense 5,000.00 On January 1, 2019, Rosie Corp. has a 125,000 capital balance. During the year, Casio Corp. invested additional 126,000 and withdrew 280,000. What is the balance of Casio Corp.’s equity or capital account on December 31, 2019?
109,000
113,000
115,000
119,000
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