The partial work sheet for Camelback Consulting
The partial work sheet for Camelback Consulting at June 30, 20xx, is as
follows. Adjusted Trial Balance Debit Credit
Cash 131,000
Accounts Receivable 119,000
Supplies 1,000
Prepaid Rent 18,000
Land 45,000
Building 425 , 000 |
Agggm Depreciation, gig 16?,000
Accounts Payable 159,000
Salaries Payable 1,000
Unearned Service Revenue 10,000
Long—Term Note Payable 125,000
Owner Capital 102,000
Owner Withdrawals 7,000
Services Revenue 495,000
Salaries Expense 256,000
Supplies Expense 3,000
Rent Expense 34,000
Depreciation Expense, gig 12,000
Miscellaneous Expense 8,000
Totals 1,059,000 1,059,000
Required: 1. Prepare an Income Statement, Statement of Owner's Equity and
Balance Sheet.
2. Prepare the closing entries in journal format. 3. Prepare and interpret the Current Ratio.
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Answers
Status NEW
Posted 20 Jun 2017 04:06 AM
My Price 10.00
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file 1497934574-Solutions file.docx preview (56 words )
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