1. Using the accounts below, prepare a basic Balance Sheet. All accounts will be used once; refer to the 2-Yr Example F/S in Canvas for examples. 4 Accounts Payable Accounts Receivable Automobiles Buildings Cash 5 Common Stock Equipment Inventory Land Long-Term Bonds Payable Long-Term Note Payable Retained Earnings Short-term Note Payable Wages Payable Assets Liabilities Stockholders' Equity Assets Liabilities Stockholders' Equity $ $ $ $ $ Assets Liabilities Stockholders' Equity $ $ $ $ $ $ Fill in the missing blanks to make each Balance Sheet balance. 3 $ 10,000,000 ?? $ 8,000,000 $ $ $ 1,200 8,500 9,000 85,000 2,500 90,000 20,000 30,000 45,000 16,000 14,000 60,000 12,000 6,800 $ 5,000,000 $ 2,000,000 ?? ?? $ 4,000,000 $ 6,000,000
1. Using the accounts below, prepare a basic Balance Sheet. All accounts will be used once; refer to the 2-Yr Example F/S in Canvas for examples. 4 Accounts Payable Accounts Receivable Automobiles Buildings Cash 5 Common Stock Equipment Inventory Land Long-Term Bonds Payable Long-Term Note Payable Retained Earnings Short-term Note Payable Wages Payable Assets Liabilities Stockholders' Equity Assets Liabilities Stockholders' Equity $ $ $ $ $ Assets Liabilities Stockholders' Equity $ $ $ $ $ $ Fill in the missing blanks to make each Balance Sheet balance. 3 $ 10,000,000 ?? $ 8,000,000 $ $ $ 1,200 8,500 9,000 85,000 2,500 90,000 20,000 30,000 45,000 16,000 14,000 60,000 12,000 6,800 $ 5,000,000 $ 2,000,000 ?? ?? $ 4,000,000 $ 6,000,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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