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The following information is available for Ivanhoe Inc. Accounts receivable $2,592 Cash $6,750 Accounts payable 3,996 Supplies 4,058 Interest payable 632 Unearned service revenue
The following information is available for Ivanhoe Inc. Accounts receivable $2,592 Cash $6,750 Accounts payable 3,996 Supplies 4,058 Interest payable 632 Unearned service revenue 918 Salaries and wages expense 4,860 Service revenue 44,188 Notes payable 34,020 Salaries and wages payable 806 Common stock 54,756 Depreciation expense 718 Inventory 3,070 Equipment (net) 116,856 Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained earnings amount.) (List Assets in order of liquidity.) Cash Accounts Receivable Inventory Supplies Equipment Total Assets Liabilities Accounts Payable Interest Payable Notes Payable Unearned Service Revenue Ivanhoe, Inc. Balance Sheet December 31, 2022 Assets 6750 2592 3070 4058 116856 133326 Liabilities and Stockholders' Equity 3996 632 34020 918 Salaries and Wages Payable 806 Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 54756 40372
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