The options are: Accounts Payable Accounts Receivable Advertising Expense Buildi

Question

The options are:
Accounts Payable Accounts Receivable Advertising Expense Buildings Cash Common Stock Delivery Expense Dividends (Declared) Equipment Income Tax Expense Insurance Expense Interest Expense Land Licensing Revenue Note Payable (long-term) Note Payable (short-term) Operating Expenses Other Current Assets Other Current Liabilities Other Expenses Other Noncurrent Assets Other Noncurrent Liabilities Other Revenue Prepaid Advertising Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Repairs and Maintenance Expense Retained Earnings Salaries and Wages Expense Selling, General and Administrative Expense Service Revenue Supplies Travel Expense Unearned Revenue Utilities Expense Wages Expense

Explanation / Answer

Determining Accounting Equation And Net Income Assets Liabilities Stock Holders' Equity a Cash $ (1,100.00) Salaries & Wages Expense $ (1,100.00) b Cash $   5,500.00 Short-term note $ 5,500.00 c Equipment $   2,200.00 Accounts Payable $ 2,200.00 d Cash $       440.00 Sales Revenue $       440.00 e Accounts Payable $     880.00 Utility services $     (880.00) f Accounts Recivable $   1,870.00 Service Revenue $   1,870.00 g Cash $     (330.00) Accounts Payable $   (330.00) h Cash $       (75.00) Travel Expenses $       (75.00) i Cash $       220.00 Service Revenue $       440.00 Accounts Recivable $       220.00 j Cash $       110.00 Accounts Recivable $     (110.00) k Cash $     (160.00) Accounts Payable $     160.00 Advertizing Expense $     (320.00) $                -   Total $   8,785.00 Total $ 8,410.00 Total (Retained Earnings) $       375.00 Total Assets $   8,785.00 = Total Liabilities $ 8,410.00 + Share Holders' Equity $       375.00

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