Question
**create a classified balance sheet at December 31, 2016 (ignore income tax) using the following information from Walmart in 2016** WALMART Adjusted Trial Balance Data
**create a classified balance sheet at December 31, 2016 (ignore income tax) using the following information from Walmart in 2016**
WALMART Adjusted Trial Balance Data December 31, 2016 | |
Accounts Payable | $12,000 |
Accounts Receivable | 13,000 |
Accumulated Depreciation-Building | 6,000 |
Accumulated Depreciation-Equipment | 9,000 |
Building | 60,000 |
Common Stock | 40,000 |
Cash | 24,000 |
Copyrights | 22,000 |
Dividends paid | 12,000 |
Equipment | 15,000 |
Land | 25,000 |
Note Payable (10%, due in 5 years) | 40,000 |
Office Supplies ending balance | 1,000 |
Prepaid Insurance | 3,000 |
Retained Earnings (January 1, 2016) | 23,000 |
Wages Payable | 2,000 |
Service Revenue | 85,000 |
Wages Expense | 28,000 |
Utilities Expense | 2,000 |
Depreciation Expense | 5,000 |
Insurance Expense | 2,000 |
Interest Expense | 4,000 |
OTHER INFO:
a. office supplies beginning balance: 500.
b. office supplies purchased during the year: 1500.
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