PSYCOLOGY 11 ES Netflx (16) Family Tree M Return to Blackboard Accounting Princi

Question

PSYCOLOGY 11 ES Netflx (16) Family Tree M Return to Blackboard Accounting Principles, (Custom Bronx Community College Edition) Help l en Assignment BRAY COMPANY Worksheet For the Year Ended December 31, 2017 SOURCES pring Income Statement Balance Sheet Part LevelAccount Account Titles Dr. Cr. Dr. Cr No. 101 112 130 157 158 201 212 301 306 400 622 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense 8,900 10,700 2,600 23,800 4,300 8,800 2,300 19,800 s by Study 11,400 59,900 722 726 732 1,600 3,100 1,700 29,900 1,400 Totals 37,700 59,900 57,400 35,200 22,200 Net Income 22,200 59,90059,900 57.400 57,400 MacBook Air

Explanation / Answer

Journal Entries: Date Accounts title and explanations Debit $ Credit 4 31-Dec Service revenue Dr. 59900     Income Summary 59900 31-Dec Icome Summary Dr. 37700      Maintenance and repairs expense 1600      Depreciation expense 3100      Insurance expense 1700      Salaries and wages expense 29900      utilities expnse 1400 31-Dec Income Sumamry Dr. 22200     Owner's capital 22200 31-Dec Owner's capital Dr. 11400      Owner's Drawings 11400

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