L17 fx A B E F G H 1 TOTAL SCORE: 0 /10 2 3 ALT-CORPORATION BALANCE SHEET There are five exercises in this assignment. Choose exercise number: 1 4 5 6 7 8 Laredo Corporation issued 100,000 shares of $5.00 par value common stock at a price of $7.00 per share. Total revenue this year was $120,000 with $30,000 received in cash, and the rest on account. The expenses for the year were $90,000 with $20,000 paid in cash, and the rest on account. 9 10 11 12 13 14 ASSETS CASH ACCOUNTS RECEIVABLE LIABILITIES ACCOUNTS PAYABLE 0 0 0 15 0 STOCKHOLDERS' EQUITY COMMON STOCK PAID IN CAPITAL IN EXCESS OF PAR TOTAL PAID IN CAPITAL 16 17 18 19 0 O 0 20 0 RETAINED EARNINGS TOTAL STOCKHOLDERS' EQUITY 0 21 22 23 TOTAL ASSETS 0 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 0 24 25 A=L+OE? YES FREE SPACE 26 27 28 29 30 31 ALT-CORP-BS Ready