Scribd
Upload
40 views1 page

Presented Here Are The Accounts of Town and Country Realty PDF

This document presents the financial accounts of Town and Country Realty for the year ended December 31, 2016, including assets such as land, buildings, and equipment; expenses such as salaries, rent, taxes, and supplies; revenues from services; equity accounts such as common stock and retained earnings; and liabilities such as accounts payable and notes payable. It requires the preparation of the income statement, statement of retained earnings, and balance sheet.

Uploaded by

Taimour Hassan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
40 views1 page

Presented Here Are The Accounts of Town and Country Realty PDF

This document presents the financial accounts of Town and Country Realty for the year ended December 31, 2016, including assets such as land, buildings, and equipment; expenses such as salaries, rent, taxes, and supplies; revenues from services; equity accounts such as common stock and retained earnings; and liabilities such as accounts payable and notes payable. It requires the preparation of the income statement, statement of retained earnings, and balance sheet.

Uploaded by

Taimour Hassan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Presented here are the accounts of Town and Country

Realty #334
Presented here are the accounts of Town and Country Realty for the year ended December 31,
2016: Land ............ $ 5,000Notes Payable ......... 36,000Property Tax Expense ......
3,400Dividends ......... 32,000Rent Expense .......... 10,000Salaries Expense .......
69,000Salaries Payable ....... 1,500Service Revenue ....... 180,000Office Supplies .......
12,000Retained Earnings, 12/31/15 .... 57,000Common Stock ....... $ 28,000Accounts Payable
....... 14,000Accounts Receivable ....... 1,000Advertising Expense ....... 14,000Building ............
144,600Cash .............. 3,800Equipment ........... 13,000Insurance Expense ....... 2,200Interest
Expense ....... 6,500Requirements 1. Prepare Town and Country Realty's income statement.2.
Prepare the statement of retained earnings.3. Prepare the balance sheet.View Solution:
Presented here are the accounts of Town and Country Realty

ANSWER
http://paperinstant.com/downloads/presented-here-are-the-accounts-of-town-and-country-realty/

1/1
Powered by TCPDF (www.tcpdf.org)

You might also like