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