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Aa AEE PA Paragraph AaBbCcDd AaBbCcDd AaBbC AaBbCct AaB AaBb 3 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subt 12 5 Styles Mr. Forrestal has asked you to prepare a set of financial statements for Forrestal, Inc. using the accounting data and instructions provided here. Problem Data The company issued $50,000 of common stock during the year 2112. Use this list of accounts and account balances as of 12/31/2112. All accounts have normal balances The note payable of $10,000 is not due until the year 2120. A/D-Equipment Accounts Payable Account Name Balance $15,000 40,000 Accounts Receivable 43,000 Cash 33,000 Common Stock 100,000 Deprecation Expense-Equipment 5,000 Dividends 12.500 Equipment 50,000 Inventory 25,000 Note Payable 10,000 Prepaid Rent 35,000 Rent Expense 24,000 Retained Earnings 16,000 Salaries Expense 95,000 Salaries Payable 3,500 Service Revenue 145,500 Supplies Expense 15,000 Unearned Service Revenue 7,500 Aa AEE PA Paragraph AaBbCcDd AaBbCcDd AaBbC AaBbCct AaB AaBb 3 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subt 12 5 Styles Mr. Forrestal has asked you to prepare a set of financial statements for Forrestal, Inc. using the accounting data and instructions provided here. Problem Data The company issued $50,000 of common stock during the year 2112. Use this list of accounts and account balances as of 12/31/2112. All accounts have normal balances The note payable of $10,000 is not due until the year 2120. A/D-Equipment Accounts Payable Account Name Balance $15,000 40,000 Accounts Receivable 43,000 Cash 33,000 Common Stock 100,000 Deprecation Expense-Equipment 5,000 Dividends 12.500 Equipment 50,000 Inventory 25,000 Note Payable 10,000 Prepaid Rent 35,000 Rent Expense 24,000 Retained Earnings 16,000 Salaries Expense 95,000 Salaries Payable 3,500 Service Revenue 145,500 Supplies Expense 15,000 Unearned Service Revenue 7,500