Determine the Book Value of Fixed Assets. Cash Capital Bank Photo Supplies 300 7

Question

Determine the Book Value of Fixed Assets.

Cash Capital Bank Photo Supplies 300 756 10,000 10000 3000 250 1200 756 250 500 1200 450 1000 500 200 800 800 1000 1500 9000 75 500 25000 2000 100 17756 2500 86 3600 75 5000 500 1400 98 84 1200 2500 108 1000 1500 491 3027 Good Co. Unearned Revenue Services Rendered Telephone Expense 1000 3000 200 300 200 86 1500 2500 250 250 98 500 1200 200 2500 84 1200 2400 1000 1200 108 1000 1800 2500 5000 211 2200 3600 2400 587 250 1800 13350 Telephone Exp. Payable Malpractice Ins. Policy Revenue Rent Deposit 86 86 500 5000 450 100 98 98 500 84 84 1400 108 108 2650 211 211 Travel Expense Youth Baseball Club Good Co. Payable Repair and Maintenance 75 75 3000 9000 287 491 500 491 3500 Booth Rental Expense Gas Expense Gas Expense Payable 1500 782 782

Explanation / Answer

Dr Cr $ Cash 3027 Bank 10000 Photo Supplies 17756 Insurance Policy 500 Rent deposit 100 Baseball club 3500 Book Value of fixed Assets 13269 Liabilities Good Co 9000 Unearned Revenue 250 Supplies Payable 17756 Gas Expense Payable 782 Telephone Expense Payable 211 Capital 10000 Net Income 10153 Total 48152 Income Statement Services Renedered 13350 Revenue 2650 Purchases 2200 Te;ephone Expense 587 Travel expense 491 Repair & maintenance 287 Booth rental expense 1500 Gas Expense 782 Net Income 10153

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