Tamarisk, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial as of December 31, 2017. Service revenue (from camping fees) $171,600 Dividends $11,700 Sales revenue (from general store) 32,500 Notes payable 65,000 Accounts payable 14,300 Expenses during 2017 163,800 Cash 11,050 Supplies 7.150 Equipment 148,200 Common stock 52,000

Tamarisk, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial as of December 31, 2017. Service revenue (from camping fees) $171,600 Dividends $11,700 Sales revenue (from general store) 32,500 Notes payable 65,000 Accounts payable 14,300 Expenses during 2017 163,800 Cash 11,050 Supplies 7.150 Equipment 148,200 Common stock 52,000

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 16E

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