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1) Balance sheet presentation. Given the following account information for DaDaDaDatDa, Inc., prepare using Excel a classified balance sheet in good form for the company
1) Balance sheet presentation. Given the following account information for DaDaDaDatDa, Inc., prepare using Excel a classified balance sheet in good form for the company as of December 31, 2020. All accounts have normal balances. This is the company's first year of operations. All totals and sub-totals within the Excel spreadsheet should be completed using the "sum" or "subtotal" functions of Excel. Equipment 70,000 Interest Expense 2,400 Interest Payable 600 Retained Earnings ? (HINT for RE: Think about the Statement of RE's "formula from Principles) Dividends 50,400 Land 137,320 Accounts Receivable 102,000 Bonds Payable (due in 4 years) 78,000 Notes Payable (due in 6 months) 34,400 Common Stock 70,000 Accumulated Depreciation - Equip. 10,000 Prepaid Advertising 5,000 Service Revenue 351,400 Buildings 80,400 Supplies 1,860 Income Taxes Payable 3,000 Utilities Expense 1,320 Advertising Expense 1,560 Salaries and Wages Expense 53,040 Salaries and Wages Payable 900 Accumulated Depr. - Bldg. 15,000 Cash 50,000 Depreciation Expense 8,000
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