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Can you prepare a Balance Sheet from following information: Date Account Titles Debit Credit 2016 $ $ Jan 1 Cash 4,000,000 Common Stock 50,000 Paid-in

Can you prepare a Balance Sheet from following information:

Date Account Titles Debit Credit
2016 $ $
Jan 1 Cash 4,000,000
Common Stock 50,000
Paid-in Capital in Excess of Par: Common Stock 3,950,000
Jan 1 Cash 104,000
Premium on Bonds Payable 4,000
Bonds Payable 100,000
Jan 1 Equipment 1 50,000
Cash 50,000
Jan 1 Equipment 2 550,000
Cash 550,000
Jan 3 Inventory 22,000
Cash 22,000
Apr 1 Building 900,000
Cash 900,000
June 1 Equipment 3 100,000
Cash 100,000
June 1 Inventory 23,000
Cash 23,000
June 30 Cash 1,750,000
Common Stock 25,000
Paid-in Capital in Excess of Par: Common Stock 1,725,000
July 1 Cash 100,000
Notes Payable 100,000
Oct 1 Salaries Expense 45,000
Cash 45,000
??? Patents 80,000
Cash 80,000
Oct 10 Depreciation Expense ( 50,000 / 10 ) * 9 / 12 3,750
Accumulated Depreciation : Equipment 1 3,750
Oct 10 Cash 40,000
Accumulated Depreciation : Equipment 1 3,750
Loss on Sale of Equipment 6,250
Equipment 1 50,000
Nov 1 Equity Investment 100,000
Cash 100,000
Dec 1 Inventory 24,000
Cash 24,000
Dec 20 Cash 120,000
Accounts Receivable 480,000
Sales 600,000
Dec 20 Cost of Goods Sold 45,000
Inventory 45,000
Dec 31 Repairs Expense 5,000
Cash 5,000
Dec 31 Equipment 3 40,000
Note Payable 40,000
Dec 31 Dividends 79,500
Cash 79,500
Dec 31 Cash 2,000
Dividend Revenue 2,000
Dec 31 Unrealized Holding Loss on Equity Investments 40,000
Fair Value Adjustment 40,000
Dec 31 Bad Debt Expense ( 480,000 x 10 % ) 48,000
Allowance for Doubtful Accounts 48,000
Dec 31 Depreciation Expense 85,000
Accumulated Depreciation: Equipment 2 55,000
Accumulated Depreciation: Building 30,000
Dec 31 Interest Expense 9,600
Premium on Bonds Payable 400
Interest Payable 10,000
Dec 31 Salaries Expense 5,000
Salaries Payable 5,000

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