acounting prepare 460825
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College Painters had the following account balances at 12/31/08. |
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Full service revenue Don't use plagiarized sources. Get Your Custom Essay on
acounting prepare 460825
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100,000 |
Prepaid Rent |
1,000 |
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Retained earnings, January 1, 2008 |
15,000 |
Painting supplies expense |
18,000 |
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Note payable, due June 2009 |
5,000 |
Cash |
12,000 |
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Salaries payable |
2,500 |
Note payable, due January 1, 2010 |
8,500 |
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Equipment |
40,000 |
Employee advances receivable |
2,000 |
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Advertising expense |
3,500 |
Salaries expense |
40,000 |
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Accounts payable |
4,000 |
Accumulated depn – equipment |
5,000 |
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Painting prep revenue |
15,000 |
Rent and utilities expense |
15,000 |
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Office supplies expense |
1,000 |
Common Stock |
2,500 |
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Accounts receivable |
25,000 |
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Prepare, in good form, a classified balance sheet as of 12/31/08 and an income statement and a statement of |
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retained earnings for the year then ended. |
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