Problem 123 Given the following account information for Leong Corporation Equipment 58,660 Interest Expense 2,680 Interest Payable 580 Retained Earnings Dividends 50,470 Land 136,070 Accounts Receivable 104,420 Bonds Payable 79,170 Notes Payable (due in 6 months) 30,390 Common Stock 74,700 Accumulated Depreciation Equipment 10,820 Prepaid Advertising 5,160 Service Revenue 333,790 Buildings 82,660 Supplies 1,880 Income Taxes Payable 3,150 Utilities Expense 1,350 Advertising Expense 1,560 Salaries and Wages Expense 52,670 Salaries and Wages Payable 880 Accumulated Depr Building 15,400 Cash 43,090 Depreciation Expense 8,210 Prepare a balance sheet in report form for the company as of December 31, 2017 All accounts have normal balances (List Assets in order of liquidity List Property, Plant and Equipment in order of Land, Buildings and Equipment ) Leong Corporation Balance Sheet Assets $ $ $ $ Liabilities Stockholders' Equity $ $ Open Show Work Click if you would like to Show Work for this

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Problem 123 Given the following account information for Leong Corporation. Equipment 58,660 Interest Expense 2,680 Interest Payable 580 Retained Earnings ? Dividends 50,470 Land 136,070

Problem 123

Given the following account information for Leong Corporation.

Equipment		58,660
Interest Expense		2,680
Interest Payable		580
Retained Earnings		?
Dividends		50,470
Land		136,070
Accounts Receivable		104,420
Bonds Payable		79,170
Notes Payable (due in 6 months)		30,390
Common Stock		74,700
Accumulated Depreciation - Equipment.		10,820
Prepaid Advertising		5,160
Service Revenue		333,790
Buildings		82,660
Supplies		1,880
Income Taxes Payable		3,150
Utilities Expense		1,350
Advertising Expense		1,560
Salaries and Wages Expense		52,670
Salaries and Wages Payable		880
Accumulated Depr. - Building.		15,400
Cash		43,090
Depreciation Expense		8,210

Prepare a balance sheet in report form for the company as of December 31, 2017. All accounts have normal balances. (List Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

Leong Corporation Balance Sheet Assets $ $ $ $ Liabilities & Stockholders' Equity $ $ Open Show Work Click if you would like to Show Work for this