Sautter Graphics Accounts
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The accounts of Sautter Graphics follow with their normal balances at December 31, 2009. The accounts are listed in no particular order.
ACCOUNTS BALANCE
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P. Sautter, Capital $48,800
Insurance Expense 700
Accounts Payable 4300
Service Revenue 86,000
Land 29,000
Supplies Expense 300
Cash 5,000
Salary Expense 6,000
Building 125,000
Rent Expense 2,000
P. Sautter, Withdrawals 6,000
Utilities Expense 400
Accounts Receivable 9,500
Notes Payable 45,000
Supplies 200
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Solution Summary
The solution prepares trial balance, income statement, balance sheet, statement of owners equity for Sautter Graphics.
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