Starbooks corporation provides an online bookstore for


Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2015.

 

 

 

Accounts Payable

$

600

Accounts Receivable

 

300

Accumulated Depreciation-Equipment

 

900

Cash

 

300

Common Stock

 

200

Depreciation Expense

 

300

Equipment

 

3,200

Income Tax Expense

 

300

Interest Revenue

 

100

Notes Payable (long-term)

 

200

Notes Payable (short-term)

 

500

Prepaid Rent

 

100

Rent Expense

 

400

Retained Earnings

 

1,500

Salaries and Wages Expense

 

2,200

Service Revenue

 

6,200

Supplies

 

500

Supplies Expense

 

200

Travel Expense

 

2,600

Unearned Revenue

 

200

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Accounting Basics: Starbooks corporation provides an online bookstore for
Reference No:- TGS02556288

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