2. You are given a list of accounts and amount of Suchico in the table below: Accounts Payable Accounts Receivable Building Capital Stock Cash Equipment Insurance Expense Land Notes Payable Sales Revenue Salaries Expense $61.250 $70.500 $50,000 $50,000 $64,000 $30,000 $5.000 $125,000 $175,000 $25,000 $20,000 Questions: A. Prepare a balance sheet for the Sushico for the fiscal year ending on December 31, 2019. B. In order to complete your balance sheet, you need to calculate the amount for y retained earnings.
2. You are given a list of accounts and amount of Suchico in the table below: Accounts Payable Accounts Receivable Building Capital Stock Cash Equipment Insurance Expense Land Notes Payable Sales Revenue Salaries Expense $61.250 $70.500 $50,000 $50,000 $64,000 $30,000 $5.000 $125,000 $175,000 $25,000 $20,000 Questions: A. Prepare a balance sheet for the Sushico for the fiscal year ending on December 31, 2019. B. In order to complete your balance sheet, you need to calculate the amount for y retained earnings.
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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