How would these accounts be listed in the Balance sheet such as Current Assets, Current Liabilities..etc Cash Accounts R...
How would these accounts be listed in the Balance sheet such as Current Assets, Current Liabilities..etc
Cash
Accounts Receivable
Prepaid Insurance
Prepaid Rent
Software Inventory
Office Supplies
Equipment - Computer
Accumulated Depreciation - Computer
Furniture
Accumulated Depreciation - Furniture
Accounts Payable
Salaries Payable
Refund Payable
unearned revenue
Owner's, Capital
Owner's, Withdrawals
Cost of Goods Sold
Estimated Returns Inventory
Sales Revenue
Service Revenue
Thank you.
Homework Answers
| Current assets |
| Cash |
| Accounts Receivable |
| Prepaid Insurance |
| Prepaid Rent |
| Software Inventory |
| Office Supplies |
| Property, plant and equipment |
| Equipment - Computer |
| Less: Accumulated Depreciation - Computer |
| Furniture |
| Less: Accumulated Depreciation - Furniture |
| Current liabilities |
| Accounts Payable |
| Salaries Payable |
| Refund Payable |
| unearned revenue |
| Owner's equity |
| Owner's, Capital |
| Add: Net income |
| Less: Owner's, Withdrawals |
| Owner's equity |
Net income = Sales revenue - Estimated Returns Inventory + Service Revenue - Cost of Goods Sold
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