Question
The accounts of the Capitan Company are shown below: Capitan Company List of Accounts as on December 31 Accounts payable $20,000 Accounts receivable 18,000 Accumulated
The accounts of the Capitan Company are shown below:
Capitan Company List of Accounts as on December 31
Accounts payable $20,000
Accounts receivable 18,000
Accumulated depreciation 11,000
Equity shares 75,000
Cash 85,000
Building and equipment 81,000
Inventory 15,000
Long-Term investment 30,000
Land 27,000
Marketable securities 3,000
Mortgage payable 89,000
Patents 4,000
Prepaid rent 6,000
Retained earnings ?
Supplies 6,000
Taxes payable 11,000
Unearned revenue 19,000
Required: Prepare a balance sheet at December 31 for the Capitan Company. Assume that no dividends were declared during the year.
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Sawyers Internal Auditing Enhancing And Protecting Organizational Value
Authors: The Internal Audit Foundation
7th Edition
1634540522, 9781634540520
