Top Posters
Since Sunday
b
4
o
3
s
3
j
3
b
3
m
3
K
3
g
3
L
3
w
3
m
3
j
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
gOOvER gOOvER
wrote...
Go to Answer
Posts: 1305
Rep: 0 0
6 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:
Read 117 times
1 Reply
Replies
Answer verified by a subject expert
raovatallpyraovatallpy
wrote...
#1
Posts: 444
Rep: 37 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

gOOvER Author
wrote...

6 years ago
this is exactly what I needed
aznzergs
wrote...

Yesterday
Helped a lot
spaghetti
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1088 People Browsing
 131 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 699
  
 700
  
 742
Your Opinion
What's your favorite funny biology word?
Votes: 336
Previous poll results: Do you believe in global warming?