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The Following Data Are for the Grass Is Greener Company

question 29

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The following data are for the Grass is Greener Company at the end of 2017,after adjustments,except for the calculation of income tax expense.
 Accounts payable $281,700 Prepaid insurance $6,800 Property and equipment 672,500 Contributed capital 380,600 Cost of service expense 183,600 Other reverue 114,100 Supplies 216,900 Deferred reverue 83,600 Service revenue 904,000 Depreciation expense 57,750 Bonds payable 229,600 Accounts receivable 607,550 Interest receivable 4,300 Rent expense 30,500 Retained earnings 187,400 Cash 351,340 Notes payable 356,040 Accrued liabilities 23,400 Irvestrnents 146,400 Prepaid rent 11,200 Accumulated depreciation 128,900 Adrninistrative and general expense (includes interest utilities, etc.) 64,300 Supplies expense336,20 Income tax payable0\begin{array} { | l | r | l | } \hline\text { Accounts payable } & \$ 281,700 &\text { Prepaid insurance } & \$ 6,800 \\\hline \text { Property and equipment } & 672,500 &\text { Contributed capital } & 380,600 \\\hline \text { Cost of service expense } & 183,600& \text { Other reverue } & 114,100 \\\hline \text { Supplies } & 216,900& \text { Deferred reverue } & 83,600 \\\hline \text { Service revenue } & 904,000& \text { Depreciation expense } & 57,750 \\\hline \text { Bonds payable } & 229,600 &\text { Accounts receivable } & 607,550 \\\hline \text { Interest receivable } & 4,300 &\text { Rent expense } & 30,500 \\\hline \text { Retained earnings } & 187,400 &\text { Cash } & 351,340 \\\hline \text { Notes payable } & 356,040 &\text { Accrued liabilities } & 23,400 \\\hline \text { Irvestrnents } & 146,400&\text { Prepaid rent } & 11,200 \\\hline \text { Accumulated depreciation } & 128,900& \text { Adrninistrative and general expense (includes interest utilities, etc.) } & 64,300 \\\hline \text { Supplies expense}&336,20 & \text { Income tax payable}&0 \\\hline\end{array}


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