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  • Ayable: Advertising

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    1) Apple Inc.'s trial balance on January 31, 2019 showed total debits of $82,000 and total credits of $82,000. 2) Major assets included $30,000 in cash, $12,000 in accounts receivable, $18,000 in supplies, $3,000 in prepaid insurance, and $41,000 in equipment. 3) Major liabilities and equity included $7,000 in accounts payable, $40,000 in share capital - ordinary shares, $21,000 in retained earnings, and $2,000 in dividends. 4) Revenue and expenses included $14,000 in service revenue, $1,000 in advertising

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    1) Apple Inc.'s trial balance on January 31, 2019 showed total debits of $82,000 and total credits of $82,000. 2) Major assets included $30,000 in cash, $12,000 in accounts receivable, $18,000 in supplies, $3,000 in prepaid insurance, and $41,000 in equipment. 3) Major liabilities and equity included $7,000 in accounts payable, $40,000 in share capital - ordinary shares, $21,000 in retained earnings, and $2,000 in dividends. 4) Revenue and expenses included $14,000 in service revenue, $1,000 in advertising

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    4 views6 pages

    Ayable: Advertising

    Uploaded by

    fionamatchless
    1) Apple Inc.'s trial balance on January 31, 2019 showed total debits of $82,000 and total credits of $82,000. 2) Major assets included $30,000 in cash, $12,000 in accounts receivable, $18,000 in supplies, $3,000 in prepaid insurance, and $41,000 in equipment. 3) Major liabilities and equity included $7,000 in accounts payable, $40,000 in share capital - ordinary shares, $21,000 in retained earnings, and $2,000 in dividends. 4) Revenue and expenses included $14,000 in service revenue, $1,000 in advertising

    Copyright:

    © All Rights Reserved
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    of 6

    @

    少
    Utility Expense 100
    」

    Cash 1000
    ,

    Supplies
    )
    400 ]

    Account
    ayable 4000 ,

    )
    Advertising
    Expense 1500
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    Cash 1 , 70

    4) Cas 12 , 00

    Account Receirable 12 , 00

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    Account
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    Cash 14 , 00

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    Account Payable 5100

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    Service Revenue ,
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    Wages Expense 30000

    Cash 3 . 00

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    Dividends 2000,

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    Cash Supplies

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    7130
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    4 ) 1200
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    Balance 12
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    Utility Expense
    ) 14 00

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    Advertising Expense Salaries andWage


    Expense

    7 ) 3000
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    ,

    AppleINC ,

    TrialBalance
    January 31 , 2019

    Debit Credit

    Cash T
    300

    Account Receirable 5000


    Supplies 18 , 00

    Prepaid Insurance 3 ,
    000

    Equipment 41 , 00

    Account $ 7 000

    payable
    ,

    ordinary
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    40 , 00

    Retain 00

    Earnings
    21 ,

    Dividents 2 .
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    Serrices Rerenue 14 . 00

    Advertsing Expense 1 ⽇ 00

    Utility Expense 1 . 00

    000
    Salaries
    Wagesand Expense 3 ,
    82 000
    820
    ,

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