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The following accounts are taken from the financial statements of Paradise Resorts. at September 30, 2013. (Amounts are in millions.) I've been stuck on this
The following accounts are taken from the financial statements of Paradise Resorts. at September 30, 2013. (Amounts are in millions.) I've been stuck on this problem and filling the rest out, can I get some help? i'm not sure what else needs to be entered in from the information below. |
Accounts Payable | $ | 590 | |||||
Cash | 3,650 | ||||||
Common Stock | 12,600 | ||||||
Equipment | 3,250 | ||||||
Income Tax Expense | 410 | ||||||
Interest Expense | 160 | ||||||
Notes Payable (long-term) | 1,450 | ||||||
Notes Payable (short-term) | 410 | ||||||
Prepaid Rent | 1,650 | ||||||
Retained Earnings | 3,700 | ||||||
Service Revenue | 10,800 | ||||||
Short-term Investments | 7,400 | ||||||
Software | 2,800 | ||||||
|
PARADISE RESORTS | |||
Balance Sheet | |||
At September 30, 2013 | |||
(in millions) | |||
Assets | Liabilities | ||
Current Assets | Current Liabilities | ||
Cash | $3,650 | Accounts Payable | $590 |
Prepaid Rent | 1,650 | ||
Total Current Assets | 5,300 | Total Current Liabilities | 590 |
Equipment | 3,250 | ||
Software | 2,800 | ||
Total Liabilities | 590 | ||
Stockholders' Equity | |||
Common Stock | 12,600 | ||
Retained Earnings | 3,700 | ||
6,050 | Total Stockholders' Equity | 16,300 | |
Total Assets | $11,350 | Total Liabilities and Stockholders' Equity | $16,890 |
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