Answer sheet
|
Assets $ |
Liabilities $ |
Stockholders’ Equity $ |
Net Income $ |
|
| c. |
Cash -6,400 |
Wages -6,400 |
||
| d. |
Cash +500 |
Interest income +500 |
||
| e. |
Accrued Commission +1,400 |
Accrued commission -1,400 |
||
| f. |
Accrued interest expense +260 |
Accrued interest expense -260 |
||
| g. |
Cash +4200 Accounts receivables -4200 |
|||
| h. |
Merchandize inventory +1,200 |
Account payables +1,200 |
||
| i. |
Cash -320 |
Interest expense -320 |
||
| j. |
Accrued wages +1,600 |
Accrued wages -1,600 |
||
| k. |
Cash -1,000 |
Accounts payable -1,000 |
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