Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2015.
|
|
|
Accounts Payable
|
$
|
600
|
Accounts Receivable
|
|
300
|
Accumulated Depreciation-Equipment
|
|
900
|
Cash
|
|
300
|
Common Stock
|
|
200
|
Depreciation Expense
|
|
300
|
Equipment
|
|
3,200
|
Income Tax Expense
|
|
300
|
Interest Revenue
|
|
100
|
Notes Payable (long-term)
|
|
200
|
Notes Payable (short-term)
|
|
500
|
Prepaid Rent
|
|
100
|
Rent Expense
|
|
400
|
Retained Earnings
|
|
1,500
|
Salaries and Wages Expense
|
|
2,200
|
Service Revenue
|
|
6,200
|
Supplies
|
|
500
|
Supplies Expense
|
|
200
|
Travel Expense
|
|
2,600
|
Unearned Revenue
|
|
200
|