Question
Given below are selected account balances of Equity Corporation for the fiscal year ended December 31, 2021. You are required to prepare a balance sheet
Given below are selected account balances of Equity Corporation for the fiscal year ended December 31, 2021. You are required to prepare a balance sheet in report (good) form for the company as at December 31, 2021. All accounts have normal balances and are in thousands of U.S.$
Equipment Accum. Depreciation Equip Interest Payable Retained Earnings 12/31/2021 Land Accounts Receivable Bonds Payable (Mature in 2028) Notes Payable (due in 8 months) Common Stock Preferred Stock Prepaid Advertising Buildings Accum. Depreciation Building Supplies Inventories Income Taxes Payable Salaries and Wages Payable Cash Goodwill Trademarks
300,000 20,000 6,500 496,500 280,000 70,000 45,000 30,000 350,000 200,000 18,000 400,000 80,000 24,000 60,000 10,500 33,500 65,000 25,000 30,000
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