2. You are given a list of accounts and amount of Suchico in the table below: Accounts Payable Accounts Receivable Building Capital Stock Cash Equipment Insurance Expense Land Notes Payable Sales Revenue Salaries Expense $61.250 $70.500 $50,000 $50,000 $64,000 $30,000 $5.000 $125,000 $175,000 $25,000 $20,000 Questions: A. Prepare a balance sheet for the Sushico for the fiscal year ending on December 31, 2019. B. In order to complete your balance sheet, you need to calculate the amount for y retained earnings.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2. You are given a list of accounts and amount of Suchico in the table below:
Accounts Payable
Accounts Receivable
Building
Capital Stock
Cash
Equipment
Insurance Expense
Land
Notes Payable
Sales Revenue
Salaries Expense
$61.250
$70.500
$50,000
$50,000
$64,000
$30,000
$5.000
$125,000
$175,000
$25,000
$20,000
Questions:
A. Prepare a balance sheet for the Sushico for the fiscal year ending on December 31,
2019.
B. In order to complete your balance sheet, you need to calculate the amount for
y retained earnings.
Transcribed Image Text:2. You are given a list of accounts and amount of Suchico in the table below: Accounts Payable Accounts Receivable Building Capital Stock Cash Equipment Insurance Expense Land Notes Payable Sales Revenue Salaries Expense $61.250 $70.500 $50,000 $50,000 $64,000 $30,000 $5.000 $125,000 $175,000 $25,000 $20,000 Questions: A. Prepare a balance sheet for the Sushico for the fiscal year ending on December 31, 2019. B. In order to complete your balance sheet, you need to calculate the amount for y retained earnings.
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