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Provide your answers in the space given below by entering numbers only (e.g. 10000 or -10000). Do NOT round interim numbers and round the final
Provide your answers in the space given below by entering numbers only (e.g. 10000 or -10000). Do NOT round interim numbers and round the final results to the nearest dollar. Complete the following comparative balance sheet for Red Books, Inc., if Retained Earnings increased by $2,000, Property, Plant and Equipment decreased by $553, and Accounts Receivable was unchanged during 2018. Red Books, Inc. Comparative Balance Sheets as of December 31, 2018 and December 31, 2017 2018 2017 2018 2017 Assets Liabilities Cash $7,000 $5,000 Accounts Payable $8,000 8,000 $7,000 Supplies 14,000 Deferred Revenues Accounts Receivable Total Current Liabilities Total Current Assets 21,000 20,000 Bonds Payable 5.000 5,000 5,000 Property, Plant and Equipment 18.000 Total Liabilities Shareholders' Equity Contributed Capital 13,000 13,000 Retained Eamings Total Shareholders' Equity 23,000 23,000 Total Assets Total Liabilities & Shareholders' Equity
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