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The accounting records for Houston Computer Store, Inc., reflected the following amounts at the end of December 2018. E: (Click the icon to view the
The accounting records for Houston Computer Store, Inc., reflected the following amounts at the end of December 2018. E: (Click the icon to view the accounts.) Prepare the classified balance sheet for Houston Computer Store, Inc., at December 31, 2018. Use the report format. Begin by preparing the heading and completing the assets section of the balance sheet. Next, complete the liabilities and stockholders' equity sections of the statement. Houston Computer Store, Inc. Balance Sheet Data Table December 31, 2018 Assets Cash $ 2,300 $ 17,500 Current Assets: Cost of goods sold Equipment, net 4,300 24,300 5,000 Accrued liabilities 1,900 28,000 8,850 Sales revenue Total operating expenses Accounts payable Total stockholders' equity Estimated refund liability Long-term notes payable Inventory .. Salaries payable 950 Accounts receivable... 3,300 1,200 18,000 3,500 Prepaid rent Estimated inventory returns 600 500 Interest expense 200 Print Done Done Liabilities Current Liabilities: Stockholders' Equity
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