Cash Supplies Prepaid rent Land Required: $53,100 11,400 Accounts payable $9,100 Utilities payable 3,400 26,500 225,000 Salaries payable 4,000 Notes payable 20,000 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Stmt of Stockholders Balance Sheet Equity Prepare a balance sheet. ELLINGHAM ACADEMY Balance Sheet December 31, 2024 Assets Liabilities Total Liabilities 0 Stockholders' Equity

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 4MAD: Compare The Home Depot and Lowes Using your answers for The Home Depot, Inc. (HD) in MAD 1-2 and...
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Cash
Supplies
Prepaid rent
Land
Required:
$53,100
11,400
Accounts payable
$9,100
Utilities payable
3,400
26,500
225,000
Salaries payable
4,000
Notes payable
20,000
1. Prepare a statement of stockholders' equity.
2. Prepare a balance sheet.
Complete this question by entering your answers in the tabs below.
Stmt of
Stockholders Balance Sheet
Equity
Prepare a balance sheet.
ELLINGHAM ACADEMY
Balance Sheet
December 31, 2024
Assets
Liabilities
Total Liabilities
0
Stockholders' Equity
Transcribed Image Text:Cash Supplies Prepaid rent Land Required: $53,100 11,400 Accounts payable $9,100 Utilities payable 3,400 26,500 225,000 Salaries payable 4,000 Notes payable 20,000 1. Prepare a statement of stockholders' equity. 2. Prepare a balance sheet. Complete this question by entering your answers in the tabs below. Stmt of Stockholders Balance Sheet Equity Prepare a balance sheet. ELLINGHAM ACADEMY Balance Sheet December 31, 2024 Assets Liabilities Total Liabilities 0 Stockholders' Equity
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