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Sheridan Company, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2020. Revenues
Sheridan Company, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2020. Revenues during 2020-camping fees Revenues during 2020-general store Accounts payable Cash on hand Original cost of equipment Fair value of equipment $156,800 52,640 12,320 22,400 118,160 156,800 Notes payable Expenses during 2020 Supplies on hand Common stock Retained earnings $67,200 168,000 2,800 22,400 ? (b) Prepare a balance sheet for Sheridan Company as of December 31, 2020. (List Assets in order of liquidity.) Sheridan Company Balance Sheet V Assets $ Liabilities and Stockholders' Equity $ $ Current Assets Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Attempts: 0 of 3 used Submit
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