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

Name: 1. Using the accounts below, prepare a basic Balance Sheet.All accoun
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Description: 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.4Accounts PayableAccounts ReceivableAutomobilesBuildingsCash5Common StockEquipmentInventoryLandLong-Term

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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