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Show Attempt History Current Attempt in Progress Your answer is partially correct. The following information is available for Sunland Company Accounts receivable $2,500 Cash $6,310
Show Attempt History Current Attempt in Progress Your answer is partially correct. The following information is available for Sunland Company Accounts receivable $2,500 Cash $6,310 4,800 3,770 590 900 Accounts payable Interest payable Salaries and wages expense Notes payable 5,200 Supplies Unearned service revenue Salaries and wages payable Depreciation expense Equipment (net) 870 32,500 610 Common stock 65,000 108,900 Inventory 2,880 Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount after first determining total assets and total liabilities.) (List assets in order of liquidity.) Sunland Company Balance Sheet December 31, 2022 Assets Cash 6310 Accounts Recelvable 2500 Inventory 2880 Supplies 3770 Equipment 108900 Total Assets 124360 Liabilities and Stockholders' Equity Liabilitles Notes Payable 32500 Accounts Payable 4800 Salaries and Wages Payable 870 Interest Payable 590 Unearned Service Revenue 900 Total Liabilities $ 39660 Stockholders' Equity Retained Earnings Common Stock 65000 Total Stockholders' Equity II Total Liabilities and Stockholders' Equity
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