Foundatio accounting Chapter 4- Mara.docxVIP

EXERCISE 4-12(a)1.Cash700Equipment700Salaries and Wages Expense700Cash7002.Service Revenue100Cash100Cash1,000Accounts Receivable1,0003.Accounts Payable670Equipment670Equipment760Accounts Payable760(b)1.Salaries and Wages Expense700Equipment7002.Service Revenue100Cash900Accounts Receivable1,0003.Equipment90Accounts Payable90EXERCISE 4-131.Accounts Payable ($840 – $480)360Cash3602.Supplies560Equipment56Accounts Payable5043.Owner’s Drawings500Salaries and Wages Expense500EXERCISE 4-14(a)WOOTTON BOWLING ALLEYBalance SheetDecember 31, 2012AssetsCurrent assetsCash$18,040Accounts receivable14,520Prep