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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

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 ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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