Memorex Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: B (Click the icon to view the assembled data of Memorex Arrangements.) (Click the icon to view the income statement.) (Click on the icon to view the statement of retained earnings.) Prepare the balance sheet of Memorex Arrangements as of December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) X i Data Table Assets Liabilities Insurance Expense 5,000 43,000 Service Revenue 88,000 Salaries Expense Accounts Payable Office Supplies 6,800 1,300 2,400 Stockholders' Equity Utilities Expense Rent Expense 9,000 Dividends 4,100 Common Stock 5,000 Accounts Receivable 7,000 5,000 Equipment 28,200 Cash Retained Earnings, January 1, 2018 5,200 Print Done Memorex Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: |(Click the icon to view the assembled data of Memorex Arrangements.) (Click the icon to view the income statement.) (Click on the icon to view the statement of retained earnings.) Prepare the balance sheet of Memorex Arrangements as of December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) i X Reference Memorex Arrangements Assets Liabilities ncome Stateme Year Ended December 31, 2018 Revenues: Stockholders' Equity Service Revenue $ 88,000 $ 43,000 Expenses: Salaries Expense Rent Expense Insurance Expense 9,000 5,000 1,300 Utilities Expense Total Expenses 58,300 $ 29,700 Net Income Choose from any list or enter any number in the input fields and then click Check Answer. Memorex Arrangements has just completed operations for the year ended December 31, 2018. This is the third year of operations for the company. The following data have been assembled for the business: |(Click the icon to view the assembled data of Memorex Arrangements.) (Click the icon to view the income statement.) (Click on the icon to view the statement of retained earnings.) Prepare the balance sheet of Memorex Arrangements as of December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) i Reference i Reference X Assets Liabilities Memorex Arrangements Statement of Retained Earnings Stockholders' Equity Year Ended December 31, 2018 Retained Earnings, January 1, 2018 3,000 5,200 29,700 Net income for the year 34,900 (4,100) Dividends $ 30,800 Retained Earnings, December 31, 2018 3,300 Print Done 9,700 Choose from any list or enter any number in the input fields and then click Check
