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It's about preparing balance sheet and I only need help figuring out for Retained earning. I tried to (revenue-cogs- operating expenses+other revenue-other expense+ retained earning
It's about preparing balance sheet and I only need help figuring out for Retained earning. I tried to (revenue-cogs- operating expenses+other revenue-other expense+ retained earning balance before net income) and got wrong.. I'll give upvote if the answer is right Thanks!! WATERWAY CORPORATION Balance Sheet December 31.2025 Assets Current Assets Cash Debt Investments Accounts Receivable Less Allowance for Doubtful Accounts Inventory Total Current Assets. Long-term Investments Debt Investments Equity Imvestments Total Long-term Iovestments Property. Plant, and Equipment Land 156,580 $ 438.580 (28,580) i 410,000 263.580 Buildings 1041550 Less Accumulated Depreciation-Buildings Equipment 603580 Less : Accumulated Depreciation-Equipment \begin{tabular}{|l|l|} \hline 60000 \\ \hline \end{tabular} Total Property, Plant, and Equipment Intangible Assets Franchises 160,000 Patents Total Intangible Assets Total Assets Liabilities and Stockhoiders' Equity Current Liablilities Notes Payable Accounts Payable Accrued Liabilities 99,580 Dividends Payable resented below is the trial balance of Waterway Corporation at December 31, 2025. Ilquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment. Enter account n descriptive information provided in the question.) Total Current Liabilities Long-term Liabilities Notes Payable 901,5501.001.550 Total Long-term Liabilities Total Liabilities Stockholders' Equity Paid-in Capital Common Stock ald-in Capital in Excess of Par - Common Stock Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity $1,003,580 1,659,540 2,744.670 194,580 Total Liabilities and Stockholders' Equity
It's about preparing balance sheet and I only need help figuring out for Retained earning.
I tried to (revenue-cogs- operating expenses+other revenue-other expense+ retained earning balance before net income) and got wrong..
I'll give upvote if the answer is right Thanks!!
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