Professional Documents
Culture Documents
Amit Kumar,
Roll x003-14
(1) Cash
176,450
Sales
(2) Accounts Receivable
176,450
64,750
Sales
Cash
64,750
64,750
Accounts Receivable
(3) Wages and Salaries (expense)
64,750
85,750
Cash
(4) Heat, Light, and Power (expense)
85,750
15,000
Cash
(5) Supplies Inventory
Cash
15,000
52,600
52,600
28,375
Cash
(7) Interest Expense
28,375
2,880
Cash
(8) Bank Loan
2,880
12,000
Cash
(9) Accounts Payable
12,000
10,400
Cash
(10) Supplies Inventory
10,400
9,875
Account Payable
(11) Depreciation Expense
Accumulated Depreciation
9,875
15,000
15,000
11,000
Sales
(13) Cost of Supplies Used
11,000
60,250
Supplies Inventory
(14) Tax Expense
60,250
11,593
Taxes Payable
(15) Income Summary
Retained Earnings
11,593
33,352
33,352