Cash $ 6,754 Dividends $ 2,000
Accounts receivable $ 13,733 |
Consulting fees earned |
$ |
13,718 |
|
|
Office supplies $ 2,625 Rent expense $ 3,673 Land $ 37,153 Salaries expense $ 6,642 Office equipment $ 14,535 Telephone expense $ 560
Accounts payable |
$ 6,463 |
Miscellaneous expense |
$ |
280 |
|
|
|
Common Retained Earnings ?
Question 21 . Question : financial statements as :
Unearned revenue is reported on the
Question 22 . Question : Which of the following identifies the proper order of the accounting cycle ?
uestion 23 . Question : The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is :
Cash basis accounting
The matching principle