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Please include the steps to the balnce sheet. Thank you. 1) Balance sheet presentation Given the following account information for Hamilton, Inc, prepare a dassified
Please include the steps to the balnce sheet. Thank you.
1) Balance sheet presentation Given the following account information for Hamilton, Inc, prepare a dassified balance sheet in good form for company as of December 31, 2021. All accounts have normal balances. This is the company's first year of operations. the Equipment 50,000 Interest Expense 2,400 Interest Payable 600 Retained Earnings ? (HINT for RE: Think about the Statement of RE's "formula" from Principles) Dividends 48,400 Land 157,320 Accounts Receivable 102,000 Bonds Payable (due in 4 years) 78,000 Notes Payable (due in 6 months) 34,400 Common Stock 70,000 Accumulated Depreciation - Equip. 10,000 Prepaid Advertising 5,000 Service Revenue 351,400 Buildings 80,400 Supplies 1,860 Income Taxes Payable 3,000 Utilities Expense 1,320 Advertising Expense 1,560 Salaries and Wages Expense 53,040 Salaries and Wages Payable 900 Accumulated Depr.- Bldg. 15,000 Cash 50,000 Depreciation Expense 10,000 Step by Step Solution
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