Question
The following balances are available for Thompson Company on December 31, 2015: Accumulated depreciation 21,800 Accounts payable 11,200 Accounts receivable 9,800 Additional paid-in capital 24,000
The following balances are available for Thompson Company on December 31, 2015: Accumulated depreciation 21,800
Accounts payable 11,200
Accounts receivable 9,800
Additional paid-in capital 24,000
Common stock 6,000
Cash 7,400
Fixed assets 89,400
Interest payable- 2,400
Inventor- 13,600
Long-term notes payable- 28,000
Prepaid rent- 2,500
Retained earnings ?
Wages payable- 6,400
Required: Prepare a classified balance sheet at December 31, 2015.
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
5th Edition
032418834X, 978-0324188349
