Prepare a year-end balance sheet for Armani Company

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Question - As of December 31, 2017, Armani Company's financial records show the following items and amounts.

Cash $11,200

Accounts receivable 10,200

Supplies 7,200

Equipment 6,200

Accounts payable 9,100

Common stock 18,500

Retained earnings, Dec. 31, 2016 5,200

Retained earnings, Dec. 31, 2017 7,200

Dividends 14,200

Consulting revenue 35,400

Rental revenue 24,400

Salaries expense 21,200

Rent expense 13,200

Selling and administrative expenses 9,200

Required - Prepare a year-end balance sheet for Armani Company.

Reference no: EM132558609

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