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The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions) Accounts Payable Accounts Receivable Aircraft
The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions) Accounts Payable Accounts Receivable Aircraft Fuel Expense Cash Common Stock Dividends Equipment Income Tax Expense Interest Expense Landing Fees Expense Notes Payable Repairs and Maintenance Expense Retained Earnings (as of December 31) Salaries and Wages Expense Supplies Ticket Revenues $4, 125 710 10,000 3,100 1,285 20 15,930 320 260 4,400 7,015 2,500 8,060 3,475 745 23,600 Prepare a balance sheet at December 31. (Enter your answers in millions (ie., 10,000,000 should be entered as 10.).) NATIONAL AIRWAYS, Incorporated Balance Sheet At December 31 (Amounts in millions) Assets Current Assets Current Liabilities Liabilities 0 0 0 $
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