Question
On December 31, Brown Company had the following list of account balances. Accounts Payable $ 32000 Drawing $ 17600 Accounts Receivable 53500 Equipment 29500 Accumulated
On December 31, Brown Company had the following list of account balances. Accounts Payable $ 32000 Drawing $ 17600 Accounts Receivable 53500 Equipment 29500 Accumulated Depreciation. Buildings 61700 Prepaid Rent 21000 Accumulated Depreciation, 13000 Equipment Rent Expense 3500 Beginning Capital 137100 Salaries Expense 9300 Buildings 109000 Salaries Pavable 1200 Cash 44400 Service Revenue 76500 Depreciation Expense. 8900 Buildings Supplies 13100 Depreciation Expense, 1900 Supplies Expense 9800 Equipment Required: Prepare a balance sheet on December 31. Hint: You will need to determine the net book value for equipment and buildings. You will also need to determine ending capital. Current Assets: (Choose one) Assets Total Current Assets Property, Plant, and Equipment: (Choose one) Total Property, Plant, and Equipment Total Assets Liabilities: Current Liabilities: (Choose one) Total Liabilities Owner's Equity (Choose one) Total Liabilities and Owner's Equity Brown Company Balance Sheet December 31 6
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