The following information is available for Oriole Inc. Accounts receivable $2,112 Cash $5,500 Accounts payable 3,256 Supplies 3,308 Interest payable 512 Unearned service revenue 748 Salaries and wages expense 3,960 Service revenue 36,008 Notes payable 27,720 Salaries and wages payable 656 Common stock 44,616 Depreciation expense 588 Inventory 2,500 Equipment (net) 95,216 Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained (List Assets in order of liquidity.) Oriole, Inc. Balance Sheet December 31, 2022

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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answer must be in table format or i wil give down vote 

 

The following information is available for Oriole Inc.
Accounts receivable
$2,112
Cash
$5,500
Accounts payable
3,256
Supplies
3,308
Interest payable
512
Unearned service revenue
748
Salaries and wages expense
3,960
Service revenue
36,008
Notes payable
27,720
Salaries and wages payable
656
Common stock
44,616
Depreciation expense
588
Inventory
2,500
Equipment (net)
95,216
Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained
(List Assets in order of liquidity.)
Oriole, Inc.
Balance Sheet
December 31, 2022
Transcribed Image Text:The following information is available for Oriole Inc. Accounts receivable $2,112 Cash $5,500 Accounts payable 3,256 Supplies 3,308 Interest payable 512 Unearned service revenue 748 Salaries and wages expense 3,960 Service revenue 36,008 Notes payable 27,720 Salaries and wages payable 656 Common stock 44,616 Depreciation expense 588 Inventory 2,500 Equipment (net) 95,216 Using the information above, prepare a balance sheet as of December 31, 2022. (Hint: Solve for the missing retained (List Assets in order of liquidity.) Oriole, Inc. Balance Sheet December 31, 2022
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