Nombre

Fech

Instructions:

Write your name and date in the corresponding blank.

Save the file including your name.

Submit your special work online using the course link in Blackboad

Answer the following Exercises:

Comprehensive Problem:

As a recently hired accountant for a small business, Health Solutions Inc., you are provided with last year's balance sheet, income statement, and post$-$closing trial balance to familiarize yourself with the business.

Health Solutions, Inc.

Balance Sheet

December $31,2015$

Assets

Cash $q,$ $$22,100$

Account Receivable $q,$

Inventory $q,$

Supplies $q,$

Total Assets $q,$ $$63,200$

Liabilities and Stockholders' Equity

Liabilities:

Account Payable $q,$

Salaries Payable $q,$

Income Taxes payable $q,$

Total Liabilities $q,$

Stockholders Equity:

Capital Stock $(10,$ shares outstanding$)q,$

Retained earnings $q,$

$$20,000$

$17,000$

$3,500$

$3,200$

Total Stockholders' equity $q,19,500$

$$23,{700}_{?}$

Totals Liabilities and Stockholders' equity $q,$ $$63,200$