Required information

[The following information applies to the questions displayed below.]

The following information was reported in the December 31, 2017, financial statements of National Airways, Inc. (listed alphabetically, amounts in millions).

Accounts Payable $ 4,125

Accounts Receivable 710

Aircraft Fuel Expense 10,000

Cash 3,100

Common Stock 1,285

Dividends 20

Equipment 15,930

Income Tax Expense 320

Interest Expense 260

Landing Fees Expense 4,400

Notes Payable 7,015

Repairs and Maintenance Expense 2,500

Retained Earnings (as of December 31, 2017) 8,060

Salaries and Wages Expense 3,475

Supplies 745

Ticket Revenues 23,600

Required information 3 of 4 At December 31, 2017 (Amount in millions) Assets 3,100 Cash 745 Accounts Receivable Supplies Equipment 15,930 ook Int 20,485 Total Assets ences Liabilities rsp p 4.125 Accounts Payable ble Notes Payable Payable 7,015 11,140 Total Liabilities Common Stock Retained Earnings ninas 1,285 8,060 9.345 20.485 Total Liabilities and Stockholders' Equity Connect Assignment on Ch.1&2 Repairs and Maintenance Expense Retained Earnings (as of December 31, 2017) Salaries and Wages Expense Supplies Ticket Revenues 2.500 8,860 3.475 745 Part 3 of 4 23,600 3. Prepare a balance sheet at December 31, 2017. (Enter your answers in millions (e. 10,000,000 should be entered as 10 points eBook Print NATIONAL AIRWAYS, INC. Balance Sheet At December 31, 2017 (Amounts in millions) Assets References Cash Accounts Receivable 15 930 Supplies Equipment Cash Total Assets 20.485 Liabilities Accounts Payable Notes Payable Total liabilities , Dray 5 6 of 11 Next > Required information 3 of 4 At December 31, 2017 (Amount in millions) Assets 3,100 Cash 745 Accounts Receivable Supplies Equipment 15,930 ook Int 20,485 Total Assets ences Liabilities rsp p 4.125 Accounts Payable ble Notes Payable Payable 7,015 11,140 Total Liabilities Common Stock Retained Earnings ninas 1,285 8,060 9.345 20.485 Total Liabilities and Stockholders' Equity Connect Assignment on Ch.1&2 Repairs and Maintenance Expense Retained Earnings (as of December 31, 2017) Salaries and Wages Expense Supplies Ticket Revenues 2.500 8,860 3.475 745 Part 3 of 4 23,600 3. Prepare a balance sheet at December 31, 2017. (Enter your answers in millions (e. 10,000,000 should be entered as 10 points eBook Print NATIONAL AIRWAYS, INC. Balance Sheet At December 31, 2017 (Amounts in millions) Assets References Cash Accounts Receivable 15 930 Supplies Equipment Cash Total Assets 20.485 Liabilities Accounts Payable Notes Payable Total liabilities , Dray 5 6 of 11 Next >