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Home Q & A Board Other Fields Homework Help Business Accounting
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StormLrd StormLrd
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6 years ago
Tap Corporation gathered together the following information regarding the asset, liability, shareholders' equity, revenue, and expense accounts as of the end of its first year in operations, August 31, 2014:

Rent expense   $ 7,500   Dividends   $10,200
Truck   23,600   Accounts payable   6,700
Supplies   2,500   Service revenue   45,600
Salary expense    19,400   Salary payable    12,200
Accounts receivable   8,200   Utilities expense   5,000
Note payable   10,000   Interest expense   1,200
Common shares    25,000   Cash   21,900

Prepare a balance sheet for Tap Corporation dated August 31, 2014.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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AlexmosutheAlexmosuthe
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