These financial statement items are for Sandhill Company at year-end, July 31, 2020. Salaries and wages payable $2,300 Notes payable (long-term) $1,800 Salaries and wages expense 51,500 Cash 14,300 Utilities expense 23,000 Accounts receivable 10,400 Equipment 29,000 Accumulated depreciation―equipment 6,400 Accounts payable 4,700 Owner’s drawings 3,200 Service revenue 60,800 Depreciation expense 4,300 Rent revenue 8,400 Owner’s Capital (beginning of the year) 51,300

These financial statement items are for Sandhill Company at year-end, July 31, 2020. Salaries and wages payable $2,300 Notes payable (long-term) $1,800 Salaries and wages expense 51,500 Cash 14,300 Utilities expense 23,000 Accounts receivable 10,400 Equipment 29,000 Accumulated depreciation―equipment 6,400 Accounts payable 4,700 Owner’s drawings 3,200 Service revenue 60,800 Depreciation expense 4,300 Rent revenue 8,400 Owner’s Capital (beginning of the year) 51,300

Name: These financial statement items are for Sandhill Company at year-end,
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Description: These financial statement items are for Sandhill Company at year-end, July 31, 2020.Salaries and wages payable $2,300 Notes payable (long-term) $1,800Salaries and wages expense 51,500 Cash 14,300Utilities expense 23,000 Accounts receivable 10,400Equi

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 8EA: Here are facts for the Hudson Roofing Company for December. Assuming no investments or withdrawals,...

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Salaries and wages payable	$2,300	Notes payable (long-term)	$1,800
Salaries and wages expense	51,500	Cash	14,300
Utilities expense	23,000	Accounts receivable	10,400
Equipment	29,000	Accumulated depreciation―equipment	6,400
Accounts payable	4,700	Owner’s drawings	3,200
Service revenue	60,800	Depreciation expense	4,300
Rent revenue	8,400	Owner’s Capital (beginning of the year)	51,300

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