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  3. account name amount income tax expense $12,380

Account Name Amount Income tax expense $12,380 Cash (beginning of year)39,910 ...

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Question

Accounting

Account Name Amount
Income tax expense $12,380
Cash (beginning of year)39,910
Purchase of intangibles 1,560
Website design 1,500
Supplies expense 1,375
Supplies 3,150
Payment of dividends 7,000
Service revenue 79,480
Cash received from debt 25,000
Dividends 7,000
Payments to suppliers 56,925
Retained earnings (beginning of year)28,365
Bank loan payable, due in 202525,000
Website expense 1,000
Advertising expense 1,750
Owners' capital 17,500
Prepaid insurance 1,800
Contributions by owners 8,500
Business licence 60
Insurance expense 3,600
Interest expense 1,800
Accounts receivable 52,375
Prepaid expenses 2,700
Income tax payable 2,775
Deferred revenue 2,450
Collections from customers 58,450
Accounts payable 33,845
Cash (end of year)66,375
Salaries expense 32,550
what is the total equity

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