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On December 31, Davis Company had the following list of account balances. O Accounts Payable $ 40300 O Dividends $ 15800 00 O Accounts Receivable

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On December 31, Davis Company had the following list of account balances. O Accounts Payable $ 40300 O Dividends $ 15800 00 O Accounts Receivable 46500 O Equipment 49000 57700 O Prepaid Rent 23400 Accumulated Depreciation, Buildings Accumulated Depreciation, Equipment 14100 Rent Expense 6800 O Beginning Retained Earnings 97300 Salaries Expense 10200 Buildings 114000 Salaries Payable 6700 O Capital Stock 35700 Service Revenue 107900 O Cash 52200 O Supplies 22700 O Depreciation Expense, Buildings 4900 O Supplies Expense 6900 Depreciation Expense, Equipment 7300 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 retained earnings. Davis Company Balance Sheet December 31 Assets Current Assets: (Choose one) Total Current Assets Property, Plant, and Equipment: (Choose one) Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: (Choose one) Total Liabilities Stockholders' Equity (Choose one) Total Stockholders' Equity Total Liabilities and Stockholders' Equity

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