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Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the
Required information [The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Company's records show the following. Cash $ 10,800 Accounts receivable 9,800 Supplies 6,800 Equipment 5,800 Accounts payable 12,600 Common stock 14,800 Retained earnings, December 31, prior year 3,800 Retained earnings, December 31, current year 5,800 Dividends 13,800 Consulting revenue 34,600 Rental revenue 23,600 Salaries expense 20,800 Rent expense 12,800 Selling and administrative expenses 8,800 Required: Prepare the current year-end balance sheet for Armani Company.
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