Problem on adjusted account balances


Problem: Given are the adjusted account balances as of December 31st, 2001:

cash $45,000

capital $85,000

accounts payable $33,000

service revenue $84,000

depreciation expense-building $12,000

salary expense $29,000

unearned service revenue $24,000

pre paid rent $9,000

supplies expense $6,000

note payable $70,000

land $65,000

accounts receivable $32,000

accumulated depreciation -building $12,000

interest revenue $15,000

interest payable $3,000

withdrawals $20,000

rent expense $15,000

building $85,000

supplies $4,000

interest expense $4,000

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Accounting Basics: Problem on adjusted account balances
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