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Please let me know what I'm doing wrong here. The balance sheet is not balancing and I am not sure if I put the accounts
Please let me know what I'm doing wrong here. The balance sheet is not balancing and I am not sure if I put the accounts in the right positions. Thanks in advanced.
You are provided with the following information for Whispering Winds Corp., effective as of its April 30, 2017, year-end. Accounts payable $ 889 Accounts receivable 955 Accumulated depreciationequipment 670 Cash 1,415 Common stock 1,335 Cost of goods sold 1,115 Depreciation expense 280 Dividends 380 Equipment 2,565 Income tax expense 220 Income taxes payable 190 Insurance expense 265 Interest expense 455 Inventory 1,112 Land 3,245 Mortgage payable 3,645 Notes payable 206 Prepaid insurance 115 Retained earnings (beginning) 1,600 Salaries and wages expense 645 Salaries and wages payable 277 Sales revenue 5,245 Stock investments (short-term) 1,290Step by Step Solution
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