Balance Exercise Equipment How To Answer Accouting Balance Sheet Exercise?

How to answer accouting balance sheet exercise? - balance exercise equipment

Organized three years ago, Roderick T. Harbor Realty. At December 31, 2005, at the end of the fiscal year, the following financial information has:

Cash 3425
Claims 7000
1270 Supplies
Prepaid Insurance 620
51,650 Office equipment
9700 Accumulated Depreciation
Accounts Payable 925
Unearned fees in 1250
Capital 29,000
Drawing 5200
Fees earned 59,125
Salaries Expense 22,415
Rent expense 4200
2715 Utilities Expenses
1505 Miscellaneous

For more information:
a.) The supplies are available at 31 December $ 380
b) insurance premiums over the years, $ 315
c) Depreciation on investments during the year is $ 4950
d) the wages and unpaid at 31 December is $ 440
e) charges levied on animals, but are not registered, $ 1000
f) Contingency fees are $ 750

Required: profit and loss statement for December 31, 2005, and a balance of 31 December 2005

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