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Using the data given, prepare a balance sheet for Freescia Corporation at the end of the current year. Freescia Corporation Balance Sheet End of the

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Using the data given, prepare a balance sheet for Freescia Corporation at the end of the current year. Freescia Corporation Balance Sheet End of the Year Assets Cash 4,640 Accounts receivable 23.970 Office equipment 13,000 Buildings 85,100 Total assets 126.710 Labilities and stockholders' equity Accounts payable Notes payable 54.000 Capital stock 26,900 Retained earnings 33.780 Total liabilities and stockholders' equity 126,710 For each non-balance sheet item, indicate whether it should appear on the income statement or the statement of retained earnings Account Should be located in he following items are available from records of Freescia Corporation at the end of the current year: Cash Accounts payable $12,030 Notes payable $54,000 Accounts receivable 23,970 Office equipment 13,000 Advertising expense 1,740 Retained earnings, end of year 33,780 Buildings 85,100 Salary and wage expense 8,260 Capital stock 26,900 Sales revenue 14,100 4,640 Using the data given, prepare a balance sheet for Freescia Corporation at the end of the current year. Freescia Corporation Balance Sheet End of the Year Assets Cash 4,640 Accounts receivable 23,970 Office equipment 13,000 Buildings 85,100 126,710 Total assets Liabilities and stockholders' equity Accounts payable Notes payable Capital stock 12,030 54,000 26,900 Retained earnings 33,780

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