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Just create a classified balance sheet, please. Below is a list of accounts for DEWEY, CHEETAM, & HOWE (a MD law firm) with normal balances
Just create a classified balance sheet, please.
Below is a list of accounts for DEWEY, CHEETAM, & HOWE (a MD law firm) with "normal" balances for the year ended December 31, 2018. Prepare a CLASSIFIED BALANCE SHEET from the information provided (proper formatting is required) The assignment can be submitted in Excel, Word or on a scanned/emailed handwritten page. All work needs to be legible and complete. ACCOUNT TITLE Cash Telephone Expense Equipment Fees Earned Wages Expense Payroll Taxes Payable Accounts Payable Prepaid Insurance Common Stock Note Payable (1/3 due in one year) Land Accounts Receivable Rent Expense Supplies Inventory Wages Payable Payroll Tax Expense Building Accumulated Depreciation - Building and Equipment Note Receivable (due date is May 31,2019) Insurance Expense Retained Earnings, December 31, 2017 Mortgage Payable ($10,000 due by December 31,2019) Interest Income Supplies Expense Depreciation Expense ACCOUNT BALANCE 32,000 320 25,000 25,000 6,200 120 1,200 650 1,500 8,400 10,000 12,000 9,600 400 750 500 50,000 3,500 5,000 1,750 73,200 40,000 750 250 750Step by Step Solution
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