he following list of balance sheet items are in random order for Alexander Farms, Inc., at September 30, current year. The chart is attached   Prepare a balance sheet by using these items.a-2. Compute the amount to be shown for retained earnings

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The following list of balance sheet items are in random order for Alexander Farms, Inc., at September 30, current year. The chart is attached

 

Prepare a balance sheet by using these items.a-2. Compute the amount to be shown for retained earnings.

 

$ 490,000
78,300
330,000
22,365
76,650
77,095
9,135
290,000
Fences and gates
Irrigation system
Cash
Land
Barns and sheds
Notes payable
Accounts receivable
Citrus trees
Accounts payable
Property taxes payable
Capital stock
$ 33,570
20,125
16,710
120,780
42,970
?
Livestock
Farm machinery
Retained earnings
Wages payable
5,820
Transcribed Image Text:$ 490,000 78,300 330,000 22,365 76,650 77,095 9,135 290,000 Fences and gates Irrigation system Cash Land Barns and sheds Notes payable Accounts receivable Citrus trees Accounts payable Property taxes payable Capital stock $ 33,570 20,125 16,710 120,780 42,970 ? Livestock Farm machinery Retained earnings Wages payable 5,820
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