Use the ending balance from the T-accounts to prepare a classified balance sheet as of December 31, 2010.

Lecture 2 HW HW 2-2 POSTING TO T-ACCOUNTS Post the transactions from HW 2-1 and determine the ending balances of each of the following T- accounts. Assets Liabilities Stockholders' Equity Accounts Payable + 300 300 - Contributed Capital + to balance 6/6 10000 10,000 + Cash- 10,000 5,000 15,ooo 15,000 300 600 1,000 to balance eld 3.100 25,000 25,000 300 300 10,000 10,000 Retained Earnings + + Supplies to balance et 300 400 600 Notes Payable + to balance ad 15.000 5,000 900 900 15,000 15,000 + Equipment 5.000 to balance ud 6,000 6.0oo 6,00 2-4