edugen.wileyplus.com Inbox (1,018) - PSYCOLOGY 11 ESSAY Netflix (19) YouTu Retur

Question

edugen.wileyplus.com Inbox (1,018) - PSYCOLOGY 11 ESSAY Netflix (19) YouTu Return to Blackboard Accounting Principles, (Custom Bronx Community College Edition) Assignment RCES BRAY COMPANY Worksheet For the Year Ended December 31, 2017 Income Statement Balance Sheet Level Account Account Titles Dr. Cr. Cr. No. 101 112 130 157 158 Acqumulated Depreciation-Equip. Cash Accounts Receivable Prepaid Insurance Equipment Dr. 8,900 10,700 2,600 23,800 4,300 8,800 2,300 19,800 201 212 301 306 400 622 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 11,400 59,900 1,600 3,100 1,700 29,900 1,400 722 726 732 37,70059,900 57,400 35,200 Net Income

Explanation / Answer

Service revenue $ 59,900 Income summary $ 59,900 (To close service revenue account) Income summary $ 37,700 Maintenance and repairs expenses $    1,600 Depreciation expense $    3,100 Insurance expense $    1,700 Salaries and wages expense $ 29,900 Utilities expense $    1,400 (To close expenses account) Income summary $ 22,200 Owner's capital $ 22,200 (To close income summary account) Owner's capital $ 11,400 Owner's Drawings $ 11,400 (To close drawings account)

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.