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Required information Use the following information for the problem(s) below LO P2 (Algo) Skip to question [The following information applies to the questions displayed below.]
Required information
Use the following information for the problem(s) below LO P2 (Algo)
Skip to question
[The following information applies to the questions displayed below.]
As of December 31 of the current year, Armani Companys records show the following.
Cash | $ 10,100 |
---|---|
Accounts receivable | 9,100 |
Supplies | 6,100 |
Equipment | 5,100 |
Accounts payable | 11,200 |
Common stock | 14,100 |
Retained earnings, December 31, prior year | 3,100 |
Retained earnings, December 31, current year | 5,100 |
Dividends | 13,100 |
Consulting revenue | 33,200 |
Rental revenue | 22,200 |
Salaries expense | 20,100 |
Rent expense | 12,100 |
Selling and administrative expenses | 8,100 |
Problem 1-5A (Algo) Preparing a balance sheet LO P2
Required:
Prepare the current year-end balance sheet for Armani Company.
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