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I tried to complete the balance sheet but my homework says its missing some things. Can you help me? [The following information applies to the

I tried to complete the balance sheet but my homework says its missing some things. Can you help me?

[The following information applies to the questions displayed below.]

The following accounts are taken from the financial statements of Paradise Resorts. at September 30, 2013. (Amounts are in millions.)

Accounts Payable $ 590
Cash 3,650
Common Stock 12,600
Equipment 3,250
Income Tax Expense 410
Interest Expense 160
Notes Payable (long-term) 1,450
Notes Payable (short-term) 410
Prepaid Rent 1,650
Retained Earnings 3,700
Service Revenue 10,800
Short-term Investments 7,400
Software 2,800

1. Prepare a classified balance sheet at September 30, 2013. (Enter your answers in millions.)

PARADISE RESORTS

Balance Sheet
At September 30, 2013
(in millions)
Assets Liabilities
Current Assets Current Liabilities
Cash $3,650 Accounts Payable $590
Prepaid Rent 1,650 Notes Payable (short-term) 410
Short-term Investments 7,400
Total Current Assets 12,700 Total Current Liabilities 1,000
Equipment 3,250 Notes Payable (long-term) 1,450
Software 2,800
Total Liabilities 2,450
Stockholders' Equity
Common Stock 12,600
Retained Earnings 3,700
6,050 Total Stockholders' Equity 16,300
Total Assets $18,750 Total Liabilities and Stockholders' Equity $18,750

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