Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are provided with the following information for Blue Spruce Corp., effective as of its April 30, 2014, year-end. Accounts payable $3,120 Accounts receivable 10,275

You are provided with the following information for Blue Spruce Corp., effective as of its April 30, 2014, year-end.

Accounts payable $3,120
Accounts receivable 10,275
Accumulated depreciationequipment 6,600
Depreciation expense 3,180
Cash 21,080
Common stock 20,375
Dividends 2,820
Equipment 24,375
Sales revenue 20,470
Income tax expense 720
Income taxes payable 320
Interest expense 370
Interest payable 195
Notes payable (due in 2018) 4,825
Prepaid rent 400
Rent expense 785
Retained earnings, beginning 13,960
Salaries and wages expense 5,965

I need to put this in a balance sheet. The first part of the balance sheet is called "income statement". The second part of the balance sheet is called "retained earning statement". The third part is a balance sheet with assets and liabilities.thanks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research Methods And Audit For General Practice

Authors: David Armstrong, John Grace

3rd Edition

0192631918, 978-0192631916

More Books

Students also viewed these Accounting questions

Question

Find the derivative. f(x) 8 3 4 mix X O 4 x32 4 x32 3 -4x - x2

Answered: 1 week ago