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Create a balance sheet for the following. Cash Common Stock Inventory Accounts Payable Wage Expense $ 1,500,000.00 $ 170,000.00 $ 1,500,000.00 $ 700,000.00 $ 500,000.00
Create a balance sheet for the following.
| Cash | Common Stock | Inventory | Accounts Payable | Wage Expense | |||||||||
| $ 1,500,000.00 | $ 170,000.00 | $ 1,500,000.00 | $ 700,000.00 | $ 500,000.00 | $ 701,000.00 | $ 700,000.00 | $ 100,000.00 | ||||||
| $ 500,000.00 | $ 120,000.00 | $ 170,000.00 | $ 406,000.00 | $ 4,000.00 | $ 1,000.00 | ||||||||
| $ 25,000.00 | $ 90,000.00 | $ 90,000.00 | $ 4,000.00 | ||||||||||
| $ 870,000.00 | $ 701,000.00 | Wage Payable | |||||||||||
| $ 41,500.00 | $ 48,000.00 | $ 960,000.00 | $ 906,000.00 | $ 705,000.00 | $ 705,000.00 | $ 60,000.00 | |||||||
| $ 100,000.00 | $ 54,000.00 | $ - | |||||||||||
| $ 2,936,500.00 | $ 4,000.00 | ||||||||||||
| $ 175,000.00 | Accounts Receivable | Supplies Expense | |||||||||||
| $ 40,000.00 | $ 750,000.00 | $ 40,000.00 | $ 1,000.00 | ||||||||||
| $ 1,488,500.00 | $ 1,448,000.00 | Prepaid Insurance | $ 660,000.00 | $ 500,000.00 | |||||||||
| $ 48,000.00 | $ 9,600.00 | $ 870,000.00 | |||||||||||
| Supplies | Prepaid Rent | $ 38,400.00 | Rent Expense | ||||||||||
| $ 1,000.00 | $ 1,000.00 | $ 120,000.00 | $ 10,000.00 | $ 1,410,000.00 | $ 1,410,000.00 | $ 10,000.00 | |||||||
| $ - | $ 110,000.00 | Notes Receivable | $ - | ||||||||||
| $ 40,000.00 | $ 40,000.00 | ||||||||||||
| Revenue | Cost of Goods Sold | $ - | Equipment | Insurance Expense | |||||||||
| $ 750,000.00 | $ 500,000.00 | $ 100,000.00 | $ 10,000.00 | $ 9,600.00 | |||||||||
| $ 660,000.00 | $ 406,000.00 | $ 90,000.00 | |||||||||||
| $ 1,410,000.00 | $ 906,000.00 | Dividends | |||||||||||
| $ 175,000.00 | Unearned Income | ||||||||||||
| Advertising Expense | Interest | Depreciation | $ 25,000.00 | ||||||||||
| $ 4,000.00 | $ 1,500.00 | $ 10,000.00 | |||||||||||
| Total Debits | $ 2,996,500.00 | ||||||||||||
| Total Credits | $ 2,996,500.00 | ||||||||||||
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