Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 26 Oct 2017 My Price 6.00

ccounts of Unique Ad

The following are the accounts of Unique Ad, an agency that develops marketing materials for print, radio, and television. The agency’s first year of operations just ended on January 31, 2010.
Accounts Payable ……………………………… $ 19,400
Accounts Receivable ………………………….. 24,900
Advertising Service Revenue …………………. 165,200
Cash ……………………………………………. 1,800
Equipment Rental Expense …………………….. 37,200
Marketing Expense …………………………….. 6,800
Office Rent Expense …………………………… 13,500
Owner’s Capital ………………………………… 5,000
Salaries Expense ………………………………… 86,000
Salaries Payable …………………………………. 1,300
Supplies …………………………………………. 1,600
Supplies Expense ……………………………….. 19,100
Withdrawals …………………………………….. 0
*Represents the initial investment by the owner

Required
1. Prepare the income statements, statement of owner’s equity, and balance sheet for Unique Ad.
2. Review the financial statement and comment on the financial challenges Unique Ad faces

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Oct 2017 01:10 PM My Price 6.00

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