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4. (25 points) Wonderful Company had the following account balances at December 31, 2011: Cash Cost of goods sold Accounts payable Accounts receivable Equipment Owners'
4. (25 points) Wonderful Company had the following account balances at December 31, 2011: Cash Cost of goods sold Accounts payable Accounts receivable Equipment Owners' equity Inventory Rent expense Sales revenue Wages expense 32,000 280,000 20,000 40,000 Accumulated depreciation 14,000 38,000 36,000 30,000 10,000 420,000 60,000 Required: Prepare a balance for Wonderful Company
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