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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.
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