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Metlock, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017
Metlock, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017 Service revenue (from camping fees) $155,760 Dividends $10,620 Sales revenue (from general store) 29,500 Notes payable 59.000 Accounts payable 12.980 Expenses during 2017 148,680 Cash 10,030 Supplies 6.490 Equipment 134.520 Common stock 47.200 Retained earnings (1/1/2017) 5.900 Balance Sheet Assets $ $ Liabilities and Stockholders' Equity A $ A $
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