TOTAL SCORE: 0 /10 ALT-CORPORATION BALANCE SHEET There are five exercises in this assignment. Choose exercise number: L17 2 3 3 4 5 6 7 8 9 10 11 12 13 14 15 Laredo Corporation issued 100,000 shares of $5.00 par value common stock at a price of $7.00 per share. Total revenue this year was $120,000 with $30,000 received in cash, and the rest on account. The expenses for the year were $90,000 with $20,000 paid in cash, and the rest on account. ASSETS CASH ACCOUNTS RECEIVABLE LIABILITIES ACCOUNTS PAYABLE 0 0 0 0 STOCKHOLDERS' EQUITY COMMON STOCK PAID IN CAPITAL IN EXCESS OF PAR TOTAL PAID IN CAPITAL 16 17 18 19 0 0 20 0 RETAINED EARNINGS TOTAL STOCKHOLDERS' EQUITY 0 TOTAL ASSETS 0 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 0 A=L+OE? L YES FREE SPACE 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36