The bookkeeper for Dependable Computers, Inc. reports the following balance sheet amounts as ofJune 30, 2002.

A review of account balances reveals the following data,

(a) An analysis of current assets discloses:

(b) Other assets include:

(c) Current liabilities include:

(d) Other liabilities include:

(e) Owners' equity includes:

(f) Common shares were originally issued for \($39,000\) but the losses of the company for the past years were charged against additional paid-in capital.

Instructions: 

Using the account balances and related data, prepare a corrected balance sheet showing individual asset, liability, and owners' equity balances properly classified.

Transcribed Image Text:

Current assets Other assets Current liabilities. Other liabilities Owners' equity $244,050 628,550 138,600 90,000 644,000