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Prepare a balance sheet at December 31. So far, what I have correct, but it says my answer is not complete. the drop-down options are:
Prepare a balance sheet at December 31.
So far, what I have correct, but it says my answer is not complete. the drop-down options are: Accounts payable, Accounts receivable, Aircraft fuel expense, cash, common stock, dividends, equipment, income tax expense, interest expense, landing fees expense, notes payable, repairs and maintenance expense, retained earnings, salaries and wages expense, supplies, ticket revenues.
please help me figure out which part did i miss, or why is it incomplete!
The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions). Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31) Salaries and Wages Expense Supplies Ticket Revenues $ 4,650 580 8,700 2,970 1,220 20 14,370 260 130 3,100 6,950 1,200 5,780 3,280 680 17,100 NATIONAL AIRWAYS, Incorporated Balance Sheet At December 31 (Amounts in millions) Assets Cash $ 2,970 580 Accounts Receivable Supplies Equipment 680 14,370 Total Assets $ 18,600 Liabilities 4,650 Accounts Payable Notes Payable 6,950 Total Liabilities 11,600 Stockholders' Equity 5,780 Retained Earnings Common Stock 1,220 Total Stockholders' Equity 7,000 18,600 AStep by Step Solution
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