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I need help and steps for the current and total assets column. Al December 31, 2018, Diamond Corporation has cash of $60 million, accounts receivable
I need help and steps for the current and total assets column.
Al December 31, 2018, Diamond Corporation has cash of $60 million, accounts receivable of $29 million and long-term assets of $38 million. The company owes accounts payable of $19 milion and has a long-term note payable of $34 milion. Diamond has common stock of $27 million and retained earnings of $47 million. Prepare Diamond Corporation's balance sheet at December 31, 2018, complete with its proper heading (19 long-term notes payable 34 sal Start with the heading and then complete the assets section of the statement and finally complete the abilities and stockholders equity section of the statement. (Enter all amounts in milions. Classilly the balance sheet by selecting the proper title on all applicable subtotal lines. In the first part complete the assets section of the balance sheet. In the second part complete the liabilities and stockholders equity section of the balance sheet. If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Diamond Corporation Balance Sheet December 31, 2018 Assets Liabilities in milions) Current assets: Current liabilities: (1) Cash I can accounts payable 19 (2) Accounts Receivaldk 29.10+otal current liabilities 19 (3) (4) (12) total liability 53 (5) Stockholders' Equity (6) (13) Common Stock 27 (no retained earnings 47 (8) (15) total stockholders equity Total assets Total liabilities and stockholders' equity (1) Common stock Long-term notes payable Accounts payable Inventory Prepaid expenses Common stock Accounts receivable Investment Property and equipment Accounts payable Inventory Cash Long-term assets Retained earnings Accounts receivable Investment Cash Long-term assets (2) Common stock Long-term notes payable Accounts payable Inventory Prepaid expenses Long-term notes payable Accounts receivable Investment Property and equipment Prepaid expenses Cash Long-term assets Retained carmings Property and equipment Retained earnings (3) Common stock Long-term notes payable Accounts payable Inventory Prepaid expenses Accounts receivable Investment Property and equipment Cash Long-term assets Retained earnings Common stock Common stock Long-term notes payable Accounts payable Inventory Accounts payable Inventory Prepaid expenses Accounts receivable Investment Accounts receivable Investment Property and equipment Cash Long-term assets Cash Long-term assets Retained earnings Long-term notes payable (S) Total stockholders' equity Prepaid expenses Total current assets Property and equipment Total current liabilities Retained earnings Total liabilities (6) Common stock Accounts payable Inventory Accounts receivable Investment Cash Long-term assets Long-term notes payable Prepaid expenses Property and equipment Retained earnings Step by Step Solution
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