Acc. Assignment One (PFT)
Acc. Assignment One (PFT)
Acc. Assignment One (PFT)
PART .I
XYZ Company has been practicing as a cardio list for three years. During April completed
the following transactions in its practice of cardiology.
XYZ’s account titles, numbers, and balances as of April 1,2003 (all normal balances) are
listed as follows: Cash, 11, $4,123; Accounts Receivable, 12, $6,725; Supplies,
13, $290; Prepaid Insurance, 14, $465; Equipment, 18, $19,745; Accounts
Payable, 22, $765; XYZ Capital, 31, $30,583; XYZ Drawing, 32; Professional
Fees, 41; Salary Expense, 51; Rent Expense, 53; Laboratory Expense, 55;
Utilities Expense, 56; Miscellaneous Expense, 59