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Exercise 1-14 a-b (Part Level Submission) Windsor, Inc., a public camping ground near the Four Corners National Recreation Area, has compiled the following fi
Exercise 1-14 a-b (Part Level Submission) Windsor, Inc., a public camping ground near the Four Corners National Recreation Area, has compiled the following fi Revenues during 2020-camping fees Revenues during 2020-general store Accounts payable Cash on hand Original cost of equipment Fair value of equipment $159,600 Notes payable $68,400 53,580 Expenses during 2020 171,000 12,540 Supplies on hand 2,850 22,800 Common stock 22,800 120,270 Retained earnings ? 159,600
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