Question
Hi there Please answer the below in 1 hour. very urgent. thanks in advance. The following items were taken from the records of a company
Hi there
Please answer the below in 1 hour. very urgent. thanks in advance.
The following items were taken from the records of a company as of December 31st.
Accounts Payable | 47,000 |
| Long-term Notes Receivable | 35,000 |
Accounts Receivable | 22,000 | Patent,net | 6,000 | |
Building | 215,000 | Accrued Expenses | 9,000 | |
Cash | 15,000 | Short-term Notes Payable | 135,000 | |
Equipment | 76,000 | Common Stock | 1,000 | |
Retained Earnings | ?? | Bonds Payable | 75,000 | |
Prepaid Expenses | 12,000 | Accumulated depreciation | 92,000 | |
Sales | 123,000 | Dividends paid | 30,000 | |
Depreciation Expense | 18,000 | Unearned Revenue | 8,000 | |
Cost of Goods Sold | 75,000 |
| Goodwill | 28,000 |
Long term Investments | 100,000 |
| Treasury Stock | 25,000 |
Inventory | 79,000 |
| Short Term Investments | 50,000 |
Interest Payable | 1,000 |
| Long Term Debt | 150,000 |
Prepare a balance sheet in proper format for the company as of December 31st
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