Preparing Financial Statements
Using the figures provided below, prepare a Balance Sheet for T. Mott for October 31, 1997.
General Expense | 180 | |
Cash | 2,555 | |
Equipment Expense | 765 | |
Accounts Receivable | 3,700 | |
T. Mott, Capital | 18,735 | |
T. Mott, Drawings | 9,500 | |
Fees Earned | 29,990 | |
Office Supplies | 284 | |
Prepaid Insurance | 1,000 | |
Tapes | 3,000 | |
Car | 12,300 | |
Equipment | 30,000 | |
Repairs Expense | 1,876 | |
Telephone Expense | 220 | |
Advertising Expense | 2,880 | |
Revenue from Repairs | 10,235 | |
Accounts Payable | 1,600 | |
Bank Loan | 7,700 | |
$68,260 | $68,260 |