Answer: Account Title Debit Credit Cash $84,800 Accounts receivable 4,100 Supplies 2,900 Equipment 1,800 Building 17,000 Land 67,000 Accounts payable $22,000 Note payable 58,000 Common stock 45,000 Dividends paid 1,800 Service revenue 62,000 Advertising expense 1,600 Salary expense 1,800 Utilities expense 4, 200 $187,000 $187,000 LO: 2-5 Difficulty: 3 EOC Ref: E2-25 AACSB: Analytical Skills AACSB: Analytical Skills AICPA Business Perspective Competencies: Strategic/Critical Thinking AICPA Functional Competencies: Measurement, Reporting This question is not available in MyAccountingLab.
Answer: Account Title Debit Credit Cash $84,800 Accounts receivable 4,100 Supplies 2,900 Equipment 1,800 Building 17,000 Land 67,000 Accounts payable $22,000 Note payable 58,000 Common stock 45,000 Dividends paid 1,800 Service revenue 62,000 Advertising expense 1,600 Salary expense 1,800 Utilities expense 4, 200 $187,000 $187,000 LO: 2-5 Difficulty: 3 EOC Ref: E2-25 AACSB: Analytical Skills AACSB: Analytical Skills AICPA Business Perspective Competencies: Strategic/Critical Thinking AICPA Functional Competencies: Measurement, Reporting This question is not available in MyAccountingLab.
Financial-and-Managerial-Accounting-3rd-Edition-Horngren,-Harrison,-Oliver-Test-Bank.docx