Professional Documents
Culture Documents
contrib capital
retained earning
shareholders equity
Lia+ Eq
Revenue Revenues
cash sales 119000 Cost of Sales
credit sales 1000 General and Administrative Expense
total 120000 Depreciation expense
Interest Expese
Total expense
earnings before
Expenses income tax
cost of goods sold 40000 net eaarnings
monthly expenses 38000
not yet paid 600
total 78600
10120
122900
843598
417015
Administrative Expenses 135282
n expense 25639
52269
630205
213393
57242
156151
depreciatione xpense 4000
accumulated depreciation 4000
DE because cost of truck is already set up
office supplies expense 1150
office supplies 1150
DE adjusted an inventory count
truck repair expense 1200
accoutns payable 1200
AE had the cars repaired
taxes expense 1500
taxes payable 1500
AE taxes will need to be paid
accounts recievable 6000
revenue 6000
AR work was done but not collected
insurance expense 600
prepaid insurance 600
DE insurance was paid out
Interest expense 165
Interest Payable 165
AE
Cash 512000
Rent Revenue 512000
Cash 12000
Unearned Revenue 12000