The ledger of Darlene Subay Advertising contained the following account balances as of June 30, 2021. Cash P 520,500 Accounts Receivable 35,420 Notes Receivable 16,800 Prepaid Insurance 35,600 Equipment 423,500 Accounts Payable 44,210 Loans Payable 310,000 Subay, Capital 668,100 Subay, Drawing 120,000 Advertising Revenues Salaries Expense 332,780 89,000 Marketing Expense 48,200 Rent Expense 15,800 Supplies Expense 22,000 Utilities Expense 17,990 Miscellaneous Expense 10,280
The ledger of Darlene Subay Advertising contained the following account balances as of June 30, 2021. Cash P 520,500 Accounts Receivable 35,420 Notes Receivable 16,800 Prepaid Insurance 35,600 Equipment 423,500 Accounts Payable 44,210 Loans Payable 310,000 Subay, Capital 668,100 Subay, Drawing 120,000 Advertising Revenues Salaries Expense 332,780 89,000 Marketing Expense 48,200 Rent Expense 15,800 Supplies Expense 22,000 Utilities Expense 17,990 Miscellaneous Expense 10,280
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
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 9RE: Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for...
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