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Prepare in good form a balance sheet for the year

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Reference no: EM13509086

The adjusted trial balance of Cavamanlis Co. as of December 31, 2011 contains the following.

Account Titles

Dr

Cr

Cash

$18,972

Accounts Receivable

6,920

Prepaid Rent

4,280

Equipment

20,050

Accumulated Depreciation

$5,895

Notes Payable

5,700

Accounts Payable

4,472

Common Stock

20,000

Retained Earnings

15,310

Dividends

4,000

Service Revenue

12,590

Salaries Expense

6,840

Rent Expense

2,760

Depreciation Expense

145

Interest Expense

83

Interest Payable

83

$64,050

$64,050


Instructions:

Prepare in good form a balance sheet for the year ended December 31, 2011.

 

Reference no: EM13509086

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