Need to be placed in order of liquidity. 2 Accounts Receivable Accumulated Depre

Question

Need to be placed in order of liquidity.

2 Accounts Receivable Accumulated Depreciation - Equipme 8.000 Asset (5,800) Asset 143,400 Asset Equipment Prepaid Insurance Prepaid rent Rent Revenue Supplies Accounts Payable Bonds payable Deferred Revenue Depreciation Expense Discount on bonds pavable Insurance Expense Interest expense Rent Expense Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Expense Common Stock Dividends Retained Earnings 18,000 Asset 2.500 Asset 2.000 Asset (13,100) Asset 500 Asset (4,800) Liability (10,000) Liability (1,000) Liability 680 Liability 2,000 Liability 1,500 Liability 2,000 Liability 12,000 Liability 18,100 Liability (1,100) Liability (38,000) Liability 320 Liability (100,000) Owners' Equity 2,800 Owners' Equity (40,000) Owners' Equity

Explanation / Answer

In the order of Liquidity Cash 143400 Assets Account Receivable 8000 Assets Supplies 500 Assets Prepaid Rent 2000 Assets Prepaid Insurance 2500 Assets Rent Revenue -13100 Assets Equipment 18000 Assets Accumulated Depreciation(Equip) -5800 Assets Bonds Payable -10000 Liabilities Accounts Payable -4800 Liabilities Salaries and wages Payable -1100 Liabilities Salaries and wages Expense 18100 Liabilities Insurance Expense 1500 Liabilities Interest Expense 2000 Liabilities Rent Expense 12000 Liabilities supplies Expense 320 Liabilities Depreciation Expense 680 Liabilities Deffered Revenue -1000 Liabilities Discount on Bond Payable 2000 Liabilities Service Revenue 320 Liabilities Retained Earnings -40000 Owner's Equity Dividend 2800 Owner's Equity Common Stock -100000 Owner's Equity Note- Best effort have been made to answer the question correctly, in case of any discrepencies kindly comment and i will try to resolve it as soon as possible. Please provide positive feedback.

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