Beruflich Dokumente
Kultur Dokumente
Current Assets
Cash $40,800
Accounts Receivable $9,000
Supplies $3,600
Current Liabilities
Accounts Payable 13,500
Total current liabities 13,500
Owner's equity
Helen Kennedy, Capital 131,100
Total Owner's equity 131,100
Total liabilties & equity 144,600
Income statement
Fees Income 82,500
Less:Expenses
Supplies Expense $3,600
Insurance Expense $2,400
Adjusting entries
Closing entries