Question
Given the following account information for Hyundai company, prepare a statement of financial position in report form for the company as of December 31, 2019.
Given the following account information for Hyundai company, prepare a statement of financial position in report form for the company as of December 31, 2019. All accounts have normal balances..
Equipment 40,000
Interest Payable 600
Retained Earnings 234,680
Land 159,320
Inventory 103,000
Bonds Payable 78,000
Notes Payable (due in 6 months) 24,400
Share CapitalOrdinary 60,000
Accumulated Depreciation - Equip. 10,000
Prepaid Advertising 5,000
Buildings 80,400
Supplies 1,860
Taxes Payable 5,000
Salaries and Wages Payable 1900
Accumulated Depr. - Buildings 15,000
Cash 40,000
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