Question

Balance Sheet DR CR Cash 10000 AR 7000 Supplies 500 Equipment     5,000 Accum depreciation    ...

Balance Sheet
DR CR
Cash 10000
AR 7000
Supplies 500
Equipment     5,000
Accum depreciation     2,300
Automobile 15,000
Accum depreciation     3,000
AP 5000
Wages Payable 4000
Unearned Fees 2000
Jones, Capital 10,700
Jones, Drawing     1,000
Fees Earned
Rent Expense
Wages Expense
Utility Expense
Supplies Expense
Depreciation Expense
Misc. Expense
Total 38,500 27,000
Net income 11500
Total 38500 38500
Balance Sheet
Assets:
Current Assets
Total Current Assets
Prop. Plant and Equip.
Total Prop. Plant & Equip.
Total Assets
Liabilities
Current Liabilites
Total Liabilities
Owner's Equity
Jones, Capital          21,200
Total Liab. And O.E.
0 0
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Answer #1
ASSETS AMOUNTS $ EQUITY & LIABILITIES AMUNTS $
Cash $10000 Accounts Payable $5000
Accounts Receivable $7000 Wages Payable $4000
Supplies $500 Unearned Fees(Liability) $2000

Equipment $5000

Less: Acc Depreciation $2300)

$2700

Jones Capital $10700

Less:Drawings ($1000)

Add: Net Profit $11500

$21200

Automobile    $15000

Less: Acc Depreciation   ($3000)

$12000
TOTAL $32,200 TOTAL $32,200

Current Assets Are CASH, Accounts Receivable And Supplies

Property Equipments Are Automobile And Equipments

Current Liabilities are Accounts Payable Unearned Fees and Wages Payable

Enter the above figures in vertical format Balancesheet

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