Listed below in random order are the items to be included in the balance sheet of Smokey Moun- tain Lodge at December 31, 2009: Equipment .. $ 39,200 $450,000 Buildings.... Capital Stock .... Land.... 425,000 135,000 .... Accounts Payable... 54,800 Cash... 31,400 ... .. Accounts Receivable 10,600 Furnishings.. 58,700 ...... Salaries Payable.. Interest Payable ... 33,500 Snowmobles 15,400 .... Notes Payable.... Retained Earnings.. 12,000 620,000 Instructions Prepare a balance sheet at December 31, 2009. Include a proper heading and organize your balance sheet similar to Exhibit 2-9. (Afier "Buildings," you may list the remaining assCis in any order.) You will need to compute the anount to be shoWn for Retained Earnings.
Listed below in random order are the items to be included in the balance sheet of Smokey Moun- tain Lodge at December 31, 2009: Equipment .. $ 39,200 $450,000 Buildings.... Capital Stock .... Land.... 425,000 135,000 .... Accounts Payable... 54,800 Cash... 31,400 ... .. Accounts Receivable 10,600 Furnishings.. 58,700 ...... Salaries Payable.. Interest Payable ... 33,500 Snowmobles 15,400 .... Notes Payable.... Retained Earnings.. 12,000 620,000 Instructions Prepare a balance sheet at December 31, 2009. Include a proper heading and organize your balance sheet similar to Exhibit 2-9. (Afier "Buildings," you may list the remaining assCis in any order.) You will need to compute the anount to be shoWn for Retained Earnings.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please give me the answer of this thanks
Transcribed Image Text:Listed below in random order are the itoms to be included in the balance sheet of Smokey Moun-
tain Lodge at December 31, 2009:
L04 PROBLEM 2.1A
Preparing and
Evaluating a
Balance Sheet
Equipment
$ 39,200
Buildings..
$450,000
Capital Stock
Cash..
Land.
425,000
135,000
Accounts Payable
54,800
31,400
..
Accounts Recelvable
10,600
Furnishings.
58,700
Salaries Payable.
Interest Payable
33,500
Snowmoblles
15,400
Notes Payable.
Retained Earnings
12,000
620,000
Instructions
Prepare a balance sheet at December 31, 2009. Include a proper heading and organize your
balance sheet similar to Exhibit 2-9. (Afier "Buildings," you may list the remaiuing assets in
any order.) You will need to compute the amount lo be shown for Retained Barnings.
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