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Date Account Dec. 31 Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense Retained Earnings X X Debit xxx Credit X X X X X X X

Date Account Dec. 31 Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense Retained Earnings X X Debit xxx Credit X X X X X X X

CONCEPTS IN FED.TAX.,2020-W/ACCESS
CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 76DC
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Beachside Realty Adjusted Trial Balance December 31 Cash Accounts Receivable Interest Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes Payable Unearned Rent Fees Common Stock Retained Earnings Dividends Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense Debit 1,500 2,000 100 1,600 2,800 15,000 2,000 19,000 1,800 320 700 9,000 2,700 58,520 Credit 3,000 2,400 3,920 2,700 500 5,000 2,700 37,000 1,200 100 58,520
Transcribed Image Text:Beachside Realty Adjusted Trial Balance December 31 Cash Accounts Receivable Interest Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes Payable Unearned Rent Fees Common Stock Retained Earnings Dividends Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense Debit 1,500 2,000 100 1,600 2,800 15,000 2,000 19,000 1,800 320 700 9,000 2,700 58,520 Credit 3,000 2,400 3,920 2,700 500 5,000 2,700 37,000 1,200 100 58,520
Date Account Dec. 31 Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense Retained Earnings X X Debit xxx Credit X X X X X X X
Transcribed Image Text:Date Account Dec. 31 Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense Retained Earnings X X Debit xxx Credit X X X X X X X
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