Reference no: EM132451176
Balance sheet
Question 1: Prepare a Balance Sheet using the following financial information for 2018
a) Cash $65,500.
b) Accounts Receivables $19,400
c) Inventory $13,700
d) Prepaid expenses $7,800
e) Short Term Investments $8,800
f) Long Term Investments $34,000
g) Property, Plant, and Equipment $16,300
h) Accumulated depreciation increased $5,600
i) Intangible Assets $4,900
j) Deferred Income Tax $5,200
k) Other Assets $5,100
l) Accounts Payable $18,700.
m) Short Term Loans $6,800
n) Income tax payable $5,700
o) Wages Payable $11,600
p) Unearned Revenue $26,400
q) Current portion of Long term debt $5,600
r) Long term debt $9,700
s) Deferred income tax $5,200
t) Other long term liabilities $7,900
u) Owners Invested $55,000
v) Another Owners Equity item $12,000
w) Based on the Accounting Equation, what is retained earnings?
Attachment:- BalanceSheet.rar
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