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The following information is available for Cullumber Company Accounts receivable $2,500 Cash $6,270 Accounts payable 4,400 Supplies 3,810 Interest payable 620 Unearned service revenue 890
The following information is available for Cullumber Company Accounts receivable $2,500 Cash $6,270 Accounts payable 4,400 Supplies 3,810 Interest payable 620 Unearned service revenue 890 Salaries and wages expense 5,200 Salaries and wages payable 850 Notes payable 32,000 Depreciation expense 720 Common stock 63,800 Equipment (net) 108,700 Inventory 2,820 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.) Cash Accounts Receivable. Supplies Equipment Inventory Total Assets Cullumber Company Balance Sheet December 31, 2022 Assets 6270 2500 Liabilities Accounts Payable Notes Payable Interest Payable Salaries and Wages Payable Unearned Service Revenue Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity: Liabilities and Stockholders' Equity $
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