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Balance Sheet-three (3) questions- This problem does NOT build on the preceding problems, the numbers in the Unadjusted Trial Balance are different. Instructions: Please
Balance Sheet-three (3) questions- This problem does NOT build on the preceding problems, the numbers in the Unadjusted Trial Balance are different. Instructions: Please prepare a Balance Sheet on your scratch paper based on the following Unadjusted Trial Balance and Additional Information below to answer this question and the next two (2) questions. You will need to know the amounts for total assets, total liabilities, and total stockholders' equity to answer the next three (3) questions. (Hint: you may also want to prepare a new Income Statement and Statement of Stockholders' Equity before preparing the Balance Sheet to make sure you have the necessary information for the Balance Sheet account balances) Unadjusted Trial Balance As of 12/31/20xx Accounts Debit Credit Cash $20,534 Prepaid Rent 3.000 Accounts 6,000 Receivable Equipment 18.000 Deferred Revenue $4,000 Notes Payable 10,000 Common Stock 8,000 Retained Earnings 10.000 Revenue 20.534 Rent Expense 1,000 Salaries Expense 3,000 Utility Expense 1.000 Totals $50.534 $50.534 Additional Information: Beginning Balance of Common Stock on 1/1/20xx $8000 Beginning Balance of Retained Eamings on 1/1/20 $10000 No new stock or avidends paid during the accounting period Hint: Please remember the formula for retained carmines when preparing the balance sheet Question Based on the Balance Sheet you prepared on your scanchasper what the amount shown for Total Stockholders Equity Fill in the blank wines your calculated numbor DO NOT include commas 5 sm period come aets etc. it enter the raw number, Webcourses will add commas to your an autoovatica Cercamp calded that bene 152 would only mout 24122
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