Reference no: EM13785241
Fundamentals of Accounting
Use the following account information to prepare the 2011 balance sheet for Blaze Industries. Be sure to use the proper format, similar to the one that begins on the bottom of page 115 of the McCrary text, Mastering Financial Accounting Essentials: The Critical Nuts and Bolts.
• Wages payable - $880.00.
• Supplies - $80.00.
• Common stock - $10,000.00.
• Equipment - $217,200.00
• Interest payable - $3,600.00.
• Retained earnings - $27,520.00.
• Accounts receivable - $400.00.
• Long-term bonds payable - $150,000.00.
• Cash - $3,050.00.
• Advances from customers - $460.00.
• Prepaid insurance - $830.00.
• Accumulated depreciation - $29,100.00.
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Fundamentals of accounting
: Use the following account information to prepare the 2011 balance sheet for Blaze Industries. Be sure to use the proper format, similar to the one that begins on the bottom of page 115 of the McCrary text, Mastering Financial Accounting Essentials..
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