The following are the assets and liabilities of Mary Burke Realty Company, as of March 31, 2018.

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The following are the assets and liabilities of Mary Burke Realty Company, as of March 31, 2018. Also included are revenue, expense, and selected stockholders’ equity figures for the year ended on that date (amounts in millions):

$135.1 Total revenue Receivables.. Current liabilities - Common stock. Interest expense. Salary and other employee expen


Requirement
1. Construct the balance sheet of Mary Burke Realty Company at March 31, 2018. Use the accounting equation to compute ending retained earnings.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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