Horngren’s Accounting, Volume 1, 11th Canadian Edition by Tracie Miller-Nobles Solution manual
Accounts Payable and Accrued Liabilities Service Revenue
Bal. 1,780 Bal. 11,050
f. 550 a. 950
Bal. 2,330 Bal. 12,000
Goods and Services Purchased Financing Costs
Bal. 2,731 c. 520
b. 1,100 Bal. 520
g. 1,800
Bal 5,631
Req. 5
Examples of a few accounts that could be summarized in each category.
a) Property, plant and equipment:
Land, buildings, machinery, equipment, automobiles, computer equipment
b) Accounts payable and accrued liabilities:
Utilities payable, rent payable, income tax payable, interest payable
c) General and administration expenses:
Advertising expense, telephone expense, utilities expense, rent expense