Question
Required information [The following information applies to the questions displayed below.] The following information was reported in the December 31, 2017, financial statements of
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 Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment $ 4,550 590 8,800 2,980 1,225 25 14,490 Income Tax Expense 200 Interest Expense 140 Landing Fees Expense 3,200 Notes Payable 6,955 Repairs and Maintenance Expense 1,300 Retained Earnings (as of December 31, 2017) 6,015 Salaries and Wages Expense 3,295 Supplies Ticket Revenues 685 17,600 3. Prepare a balance sheet at December 31, 2017. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).)
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