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The table shows financial data for Grayson, Inc. as of June 30, 2021. Note: Accounts Receivable and Inventories are assets. Accounts Receivable Retained Earnings Inventories
The table shows financial data for Grayson, Inc. as of June 30, 2021. Note: "Accounts Receivable" and "Inventories" are assets. Accounts Receivable Retained Earnings Inventories Other Assets Accounts Payable Equipment Cash Common Stock Notes Payable $420,300 119,000 58,510 69,510 350,300 119,600 733,700 663,200 269,120 Required: Prepare a balance sheet using these data. GRAYSON, INC. Balance Sheet June 30, 2021 Assets Total Assets Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity
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