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Chapter 02
Common stock……$120,000 Accounts payable…...$25,000
Cash……………….$116,640 Accounts receivable.. $22,450
Supplies………… $ 1,500 Office equipment…...$23,300
Prepaid rent…….... $ 3,200 Unearned revenue…. $ 4,152
Service revenue..... $ 20,000 Utilities expense….... $ 422
Retained earnings... $ 30,000 Shaving equipment… $31,640
Common stock…….$120,000 Accounts payable…... $25,000
Cash………………..$116,640 Accounts receivable. $22,450
Supplies………........$ 1,500 Office equipment…... $23,300
Prepaid rent………. $ 3,200 Unearned revenue…. $ 4,152
Service revenue…... $ 20,000 Utilities expense….... $ 422
Beginning Shaving equipment… $31,640 retained earnings.. $ 30,000
Common stock……. $120,000 Accounts payable…...$25,000
Cash……………….. $116,640 Accounts receivable.. $22,450
Supplies………........ $ 1,500 Office equipment…... $23,300
Prepaid rent………. $ 3,200 Unearned revenue…. $ 4,152
Service revenue…... $ 20,000 Utilities expense….... $ 422
Beginning Shaving equipment… $31,640 retained earnings. $ 30,000
Common stock…….$120,000 Accounts payable…...$25,000
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