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Given the following account information for Wang Corporation, prepare a statement of financial position (only the Liabiities and Owner's equity side) in IFRS report form
Given the following account information for Wang Corporation, prepare a statement of financial position (only the Liabiities and Owner's equity side) in IFRS report form for the company as of December 31, 2015. All accounts have normal balances.
Retained Earnings 234,680
Dividends 50,400
Inventory 102,000
Bonds Payable 78,000
Notes Payable (due in 6 months) 24,400
Share CapitalOrdinary 60,000
Prepaid Advertising 5,000
Revenue 351,400
Taxes Payable 3,000
Utilities Expense 1,320
Salaries and Wages Payable 900
Cash 40,000
Interest Payable 600
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
