Andrew Davis is the bookkeeper for Cheyenne Company. Andrew has been trying to get the balance sheet

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Andrew Davis is the bookkeeper for Cheyenne Company. Andrew has been trying to get the balance sheet of Cheyenne Company to balance. It finally balanced, but now he??s not sure it is correct.

InstructionsPrepare a correct balance sheet.

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 22, 2011 09:03 AM

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Andrew Davis is the bookkeeper for Cheyenne Company. Andrew has been trying to get the balance sheet

Question:

CHEYENNE COMPANY Balance Sheet December 31, 2012 Assets Liabilities and Stockholders' Equity Cash Supplies Equipment $18,000 Accounts receivable Common stock Retained earnings Total liabilities and stockholders' equity (12,000) 40,000 31,500 40,000 8,000 Dividends Total assets $75,500 $75,500

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Financial Accounting Tools for business decision making

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