ACCT 504 help A Guide to career/uophelp.com ACCT 504 help A Guide to career/uophelp.com | Seite 34

Cost of Goods Sold 72,000
Rent expense 36,000
Supplies expense 12,000
Set 2
14. (TCO D) The following items are taken from the financial
statements of SRW Company for 2012:
Cash $375,000
Accounts Receivable 125,000
Prepaid Insurance 100,000
Accounts Payable 88,000
Unearned Service Revenue 15,000
Equipment, net of accumulated depreciation 177,000
Question 4
13. (TCOs B and D) The following items are taken from the financial
statements of Lacey Company for 2012:
Advertising Expense $14,000
Accounts Receivable 12,000
Cost of Goods Sold 65,000
Accumulated Depreciation—Equipment 20,000
Accounts Payable 21,000
Cash 44,000
Depreciation Expense 17,000
Common Stock 100,000
Instructions