Question
The following information is available for Randall Inc. Accounts receivable $2,400 Cash $6,250 Accounts payable 3,700 Supplies 3,760 Interest payable 580 Unearned service revenue 850
The following information is available for Randall Inc.
Accounts receivable | $2,400 | Cash | $6,250 | |||
Accounts payable | 3,700 | Supplies | 3,760 | |||
Interest payable | 580 | Unearned service revenue | 850 | |||
Salaries and wages expense | 4,500 | Service revenue | 40,920 | |||
Notes payable | 31,500 | Salaries and wages payable | 745 | |||
Common stock | 50,700 | Depreciation expense | 670 | |||
Inventory | 2,840 | Equipment (net) | 108,200 |
Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.)
Randall Inc. Balance Sheet choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022 | ||||||
---|---|---|---|---|---|---|
Assets | ||||||
enter a balance sheet item | $enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
select a closing name for the first part of the balance sheet Long-term InvestmentsTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' EquityLong-term LiabilitiesTotal Liabilities and Stockholders' EquityCurrent AssetsLiabilitiesProperty, Plant and EquipmentIntangible AssetsTotal AssetsStockholders' EquityTotal Current AssetsTotal Intangible AssetsTotal Liabilities | $enter a total amount for the first part of the balance sheet | |||||
Liabilities and Stockholders' Equity | ||||||
select an opening name for section one Total Property, Plant and EquipmentStockholders' EquityTotal Long-term LiabilitiesLiabilitiesCurrent AssetsIntangible AssetsLong-term LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' EquityTotal AssetsLong-term InvestmentsTotal Current AssetsProperty, Plant and EquipmentTotal Intangible AssetsTotal LiabilitiesTotal Long-term Investments | ||||||
enter a balance sheet item | $enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
select a closing name for section one Total Long-term Liabilities Total Stockholders' Equity Current Assets Liabilities Intangible Assets Total Property, Plant and Equipment Long-term Investments Total Intangible Assets Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Total Liabilities and Stockholders' Equity Total Current Assets Total Liabilities Total Long-term Investments | $enter a subtotal of the two previous amounts | |||||
select an opening name for section two LiabilitiesCurrent AssetsTotal Long-term LiabilitiesTotal Intangible AssetsTotal Long-term InvestmentsTotal Property, Plant and EquipmentTotal Stockholders' EquityIntangible AssetsLong-term InvestmentsTotal LiabilitiesLong-term LiabilitiesProperty, Plant and EquipmentTotal AssetsStockholders' EquityTotal Liabilities and Stockholders' EquityTotal Current Assets | ||||||
enter a balance sheet item | enter a dollar amount | |||||
enter a balance sheet item | enter a dollar amount | |||||
select a closing name for section two Total Long-term Investments Long-term Liabilities Total Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Current Assets Total Property, Plant and Equipment Intangible Assets Total Current Assets Total Liabilities and Stockholders' Equity Total Intangible Assets Total Liabilities Total Stockholders' Equity Liabilities Long-term Investments | enter a subtotal of the two previous amounts | |||||
select a closing name for the second part of the balance sheet Total Current AssetsTotal Intangible AssetsTotal Property, Plant and EquipmentTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal LiabilitiesLong-term LiabilitiesCurrent AssetsLiabilitiesTotal Liabilities and Stockholders' EquityIntangible AssetsProperty, Plant and EquipmentLong-term InvestmentsStockholders' EquityTotal Assets | $enter a total amount for the second part of the balance sheet |
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