Kit Lucas is the bookkeeper for Aurora Company. Kit has been trying to get the balance sheet
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Kit Lucas is the bookkeeper for Aurora Company. Kit has been trying to get the balance sheet of Aurora Company to balance. Aurora's balance sheet is as follows:
\section*{Instructions}
Prepare a correct balance sheet.
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AURORA COMPANY Balance Sheet December 31, 1996 Assets Liabilities Cash $16,500 Accounts payable $20,000 Supplies 8,000 Accounts receivable (10,000) Equipment 46,000 Common stock 50,000 Dividends 7,000 Retained earnings 17,500 Total assets $77,500 Total liabilities and stockholders' equity $77,500
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Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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