Question

Required information [The following information applies to the questions displayed below] Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (amounts are rounded to thousands of dollars to simplify). Debit Credit $ 6 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (long-term) Salaries and Wages Payable Interest Payable Income Tax Payable Deferred Revenue Common Stock Retained Earnings < Prev 6 7 8 - 13 of 13 :: Next > earch OH DES

Answer 1

Cash
Beg.	6	b.	23
a.	16	d.	3
c.	5	g.	24
f.	51	i.	11
h.	8
j.	4
End.	29
Accounts Receivable
Beg.	3	h.	8
f.	9
End.	4
Supplies
Beg.	2	l.	8
e.	10
End	4
Equipment
Beg.	5
b.	23
d.	3
End.	31
Accumulated Depreciation
		Beg.	0
		m.	2
		End.	2
Software
Beg.	10
End.	10
Accumulated Amortization
		Beg.	4
		k.	4
		End.	8
Accounts Payable
i.	11	Beg.	6
		e.	10
		End.	5
Salaries and Wages Payable
		Beg.	0
		o.	3
		End.	3
Interest Payable
		Beg.	0
		n.	5
		End.	5
Notes Payable ( short term )
		Beg.	0
		a.	16
		End.	16
Income Taxes Payable
		Beg.	0
		p.	4
		End.	4
Deferred Revenue
		Beg.	0
		j.	4
		End.	4
Common Stock
		Beg.	14
		c.	5
		End.	19
Retained Earnings
		Beg.	2
Service Revenue
		Beg.	0
		f.	60
		End.	60
Supplies Expense
l.	8
End.	8
Depreciation Expense
Beg.	0
m.	2
End.	2
Salaries and Wages Expense
Beg.	0
g.	24
o.	3
End.	27
Amortization Expense
Beg.	0
k.	4
End.	4.
Interest Expense
Beg.	0
n.	5
End.	5
Income Tax Expense
Beg.	0
p.	4
End.	4