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Required information (The following information applies to the questions displayed below. Assume you are the president of Nuclear Company. At the end of the first
Required information (The following information applies to the questions displayed below. Assume you are the president of Nuclear Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Notes Payable Operating Expenses Other Expenses Sales Revenue Supplies $ 30,000 59,500 12,000 62,280 200 36,000 1,470 57,200 8,850 88,000 8,000 3. Prepare a balance sheet at December 31. TIP: The balance sheet includes the ending balance from the statement of retained earnings. NUCLEAR COMPANY Balance Sheet
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