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Given the following account information for Leong Corporation. Equipment 58,720 Interest Expense 2,150 Interest Payable 560 Retained Earnings ? Dividends 37,350 Land 136,770 Accounts Receivable
Given the following account information for Leong Corporation.
Equipment | 58,720 | ||
Interest Expense | 2,150 | ||
Interest Payable | 560 | ||
Retained Earnings | ? | ||
Dividends | 37,350 | ||
Land | 136,770 | ||
Accounts Receivable | 104,240 | ||
Bonds Payable | 78,050 | ||
Notes Payable (due in 6 months) | 28,050 | ||
Common Stock | 67,680 | ||
Accumulated Depreciation - Equip. | 11,020 | ||
Prepaid Advertising | 5,170 | ||
Service Revenue | 331,790 | ||
Buildings | 81,120 | ||
Supplies | 1,800 | ||
Income Taxes Payable | 2,890 | ||
Utilities Expense | 1,460 | ||
Advertising Expense | 1,470 | ||
Salaries and Wages Expense | 52,010 | ||
Salaries and Wages Payable | 920 | ||
Accumulated Depr. - Bld. | 15,320 | ||
Cash | 45,650 | ||
Depreciation Expense | 8,370 |
Prepare a balance sheet in report form for the company as of December 31, 2014. All accounts have normal balances. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)
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