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just need the balance sheet please! thank you! :) American Laser, Incorporated, reported the following account balances on January 1 Credit Debit $ 5,000 $
just need the balance sheet please! thank you! :)
American Laser, Incorporated, reported the following account balances on January 1 Credit Debit $ 5,000 $ 30,000 90,000 2,000 @ Accounts Receivable Accumulated Depreciation Additional Paid-in Capital Allowance for Doubtful Accounts Bonds Payable Buildings Cash Common Stock, 10,000 shares of $1 par Notes Payable (long-term) Retained Earnings Treasury Stock TOTALS 247,000 10,000 10,000 10,000 120,000 $ 262,000 $ 262,000 The company entered into the following transactions during the year. January 15 Issued 5,000 shares of $1 par common stock for $50,800 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,600 shares of $1 par common stock into treasury for $33,000 cash. March 15 Reissued 2,000 shares of treasury stock for $24,080 cash. August 15 Reissued 600 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a $1 cash diviend on each outstanding share of common stock. October 1 Issued 100, 10-year. $1,000 bonds, at a quoted bond price of 101. October 3 Wrote off a $1,500 balance due from a customer who went bankrupt. Deceber 29 Recorded $230,000 of service revenue, all of which was collected in cash. December 30 Paid $200,000 cash for this year's wages through December 31. Ignore payroll taxes and payroll deductions. December 31 Calculated $10,000 of depreciation for the year to be recorded. Ignore accrual adjustments for interest and income taxes.) General General Requirement Debt to Assets Journal Ledger Trial Balance Balance Sheet Ratio Use the dropdowns to select the accounts properly included on the classified balance sheet. However, you will need to enter the amount of Retained earnings. At the end of the year, the adjusted net income was $20,000 AMERICAN LASER, INCORPORATED Classified Balance Sheet At December 31 $ 0 0 0 AMERICAN LASER, INCORPORATED Classified Balance Sheet At December 31 $ 0 0 0 0 0 0 0 0 Oo $ 0 0 0 0 0 0 0 0 0 0 0 0 0 Total 0 0 Prev 1 of 1 Next Step by Step Solution
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