Prepare a balance sheet for the Starbucks Co

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Reference no: EM132755982

Problem - You are given a list of accounts and amount of Starbucks Co. in the table below:

Accounts Payable

$61,250

Accounts Receivable

$70,500

Building

$50,000

Capital Stock

$50,000

Cash

$64,000

Equipment

$30,000

Insurance Expense

$5,000

Land

$125,000

Notes Payable

$175,000

Sales Revenue

$25,000

Salaries Expense

$20,000

Required -

A. Prepare a balance sheet for the Starbucks Co. for the fiscal year ending on December 31, 2019.

B. In order to complete your balance sheet, you need to calculate the amount for retained earnings.

Reference no: EM132755982

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