Clarisse S.

asked • 17d

PREPARE A PROPERLY CLASSIFIED BALANCE SHEET AD MULTIPLE STEP INCOME STATEMENT

Restaurant revenue- Credit 1,000

Cost of restaurant revenue- Debit 200

Telephone expenses- Debit 100

Cash- Debit 500

Accounts Receiveable- Debit150

Supplies Inventory-Debit 20

LAnd- Debit 200

Building, net- Debit 1,000

Equipment- Debit 1,500

Furniture, net- Debit 250

Accounts Payable- Credit 400

Capital- Credit 2000

Dividends- Debit 300

Short term liability-Credit 670

Salaries payable-Credit 650

Salaries expense- Debit 600

tax payable- Credit 100

Total- Debit- 4820 Credit-4820

1 Expert Answer

By:

Dinara K. answered • 12d

Experienced financial analyst with 5+ years experience in Big 4

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