Swifty Park, a public camping ground near the Four Corners National Recreation Area, has compiled the following financialinformation as of December 31, 2022Revenues during 2022-camping fees $145,600Revenues during 2022-general store48,880Accounts payable11,440Cash on hand20,800Original cost of equipment.109,720Fair value of equipment145,600Notes payableExpenses during 2022Supplies on handCommon stockRetained earnings$62,400156,0002,60020,800? Prepare a balance sheet for Swifty Park as of December 31, 2022. (List Assets in order of liquidity.)Swifty ParkBalance SheetAssetsLiabilities and Stockholders' Equity

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Description: Swifty Park, a public camping ground near the Four Corners National Recreation Area, has compiled the following financialinformation as of December 31, 2022Revenues during 2022-camping fees $145,600Revenues during 2022-general store48,880Accounts pa

Balance sheet is a financial statement that shows list of final ending balances of assets,…

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Swifty Park, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2022 Revenues during 2022-camping fees Revenues during 2022-general store Accounts payable Cash on hand Original cost of equipment Fair value of equipment $145,600 48,880 11,440 20,800 109,720 145,600 Notes payable Expenses during 2022 Supplies on hand Common stock Retained earnings $62,400 156,000 2,600 20,800

Swifty Park, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2022 Revenues during 2022-camping fees Revenues during 2022-general store Accounts payable Cash on hand Original cost of equipment Fair value of equipment $145,600 48,880 11,440 20,800 109,720 145,600 Notes payable Expenses during 2022 Supplies on hand Common stock Retained earnings $62,400 156,000 2,600 20,800

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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