Konkweiser Inc. prepares quarterly financial statements. The balance sheet at 12/31/15 is presented below. Balance Sheet 12/31/2015 Cash $ 24,300 Accounts payable $ 12,370 Accounts receivable

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Konkweiser Inc. prepares quarterly financial statements. The balance sheet at 12/31/15 is presented below.
Balance Sheet
12/31/2015
Cash $ 24,300 Accounts payable $ 12,370 
Accounts receivable 22,400 Common stock 90,000 
Allowance for doubtful accounts (1,200) Retained earnings 53,130 
Equipment 20,000 
Accumulated depreciation - equipment (15,000)
Land 20,000 
Building 100,000 
Accumulated depreciation - building (15,000)
$ 155,500 $155,500 

 

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Answer:

  • **********
    *****
    ****** * ************** Journal ******
    *******
    ***
    ********
    Receivable
    ********
    *******
    ********
    ******** a2
    Cash
    *******
    Unearned
    Revenue
    *******
    a3
    **********
    960000
    *****
    ******* Accounts
    ********
    *******
    ***
    *****
    13300000
    ********
    Receivable
    ********
    Attached: Accounting.docx

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