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1) The following balances are available for Star Company on December 31, 2018: Accumulated depreciation $21,800 Accounts payable 11,200 Accounts receivable 9,800 Additional paid-in capital
1) The following balances are available for Star Company on December 31, 2018: Accumulated depreciation $21,800 Accounts payable 11,200 Accounts receivable 9,800 Additional paid-in capital 24,000 Common stock 6,000 Cash 7,400 Fixed assets 89,400 Interest payable 2,400 Inventory 13,600 Long-term notes payable 28,000 Prepaid rent 2,500 Retained earnings ? Wages payable 6,400 Required: Prepare a classified balance sheet at December 31, 2018
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