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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Michael's Landscaping at December 31, 2005, the end of its first year of operations. | |
Accounts receivable | $25,000 |
Accounts payable | 3,500 |
Salary expense | 4,500 |
Repairs expense | 800 |
Truck | 8,500 |
Equipment | 6,300 |
Notes payable | 8,200 |
Cash | 6,800 |
Supplies expense | 1,600 |
Service revenue | 22,800 |
Gasoline expense | 800 |
Salary payable | 2,200 |
The owner, Michael Mower, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use. |
Refer to Table 1. Owner's equity at December, 31, 2005 was
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