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As of December 31, 2017, Armani Company's financial records show the following items and amounts. Cash $10,300 9,300 Accounts receivable Supplies Equipment Accounts payable 6,300
As of December 31, 2017, Armani Company's financial records show the following items and amounts. Cash $10,300 9,300 Accounts receivable Supplies Equipment Accounts payable 6,300 5,300 10,900 14,000 4,300 Common stock Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends 6,300 13,300 33,600 22,600 20,300 12,300 Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses 8,300 Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2017 Assets Liabilities Total liabilities Equity Total equity 0 Total liabilities and equity C Total assets
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