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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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7 years ago
On January 1, 2014, Brad Thomas invested $30,000 in Thomas Repairs. During 2014, Brad withdrew $17,000 for personal use. Thomas Repairs reports the following balances on December 31, 2014:

Accounts receivable   $ 9,000
Accounts payable   4,200
Service revenue   25,550
Land   4,000
Rent expense   4,500
Note payable   3,800
Supplies   900
Brad Thomas, Capital, Jan. 1, 2014   0
Salary expense   9,650
Cash   18,500
Brad Thomas, Withdrawals   17,000

Prepare a balance sheet dated December 31, 2014, for Thomas Repairs.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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raovatallpyraovatallpy
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7 years ago
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gOOvER Author
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7 years ago
Smart ... Thanks!
jmelchor77
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Yesterday
You make an excellent tutor!
Morgan-C
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2 hours ago
Helped a lot
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