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Given the following account information for Blossom Corporation. Equipment 61,000 Interest Expense 2,500 Interest Payable 610 Retained Earnings ? Dividends 49,110 Land 140,000 Accounts Receivable
Given the following account information for Blossom Corporation.
Equipment | 61,000 | ||
Interest Expense | 2,500 | ||
Interest Payable | 610 | ||
Retained Earnings | ? | ||
Dividends | 49,110 | ||
Land | 140,000 | ||
Accounts Receivable | 100,000 | ||
Bonds Payable | 77,000 | ||
Notes Payable (due in 6 months) | 29,000 | ||
Common Stock | 70,000 | ||
Accumulated Depreciation - Equipment | 10,000 | ||
Prepaid Advertising | 5,200 | ||
Service Revenue | 340,000 | ||
Buildings | 80,000 | ||
Supplies | 2,000 | ||
Income Taxes Payable | 3,000 | ||
Utilities Expense | 1,200 | ||
Advertising Expense | 1,600 | ||
Salaries and Wages Expense | 52,000 | ||
Salaries and Wages Payable | 900 | ||
Accumulated Depr. - Building | 15,500 | ||
Cash | 43,000 | ||
Depreciation Expense | 8,400 |
Prepare a balance sheet in report form for the company as of December 31, 2020. All accounts have normal balances. (List Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)
Leong Corporation Balance Sheet Assets - $ Liabilities & Stockholders' Equity $ 4 $
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