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The following Information is available for Oriole Inc. Accounts receivable $3,500 Cash Accounts payable 3,700 Interest payable 530 Salaries and wages expense 5,400 Notes payable 31,000 Common stock 55,400 Inventory 2,970 Supplies Unearned service revenue Salaries and wages payable Depreciation expense Equipment (net) $6,360 3,720 820 780 600 109,200 Using the Information above, prepare a balance sheet as of December 31, 2025. (Hint: Solve for the missing retained earnings amount after first determining total assets and total llabilities) (Ust assets faceder of liquidity) Oriole Inc. Balance Sheet

The following Information is available for Oriole Inc. Accounts receivable $3,500 Cash Accounts payable 3,700 Interest payable 530 Salaries and wages expense 5,400 Notes payable 31,000 Common stock 55,400 Inventory 2,970 Supplies Unearned service revenue Salaries and wages payable Depreciation expense Equipment (net) $6,360 3,720 820 780 600 109,200 Using the Information above, prepare a balance sheet as of December 31, 2025. (Hint: Solve for the missing retained earnings amount after first determining total assets and total llabilities) (Ust assets faceder of liquidity) Oriole Inc. Balance Sheet

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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Current Attempt In Progress The following Information is available for Oriole Inc. Accounts receivable Accounts payable Interest payable Salarles and wages expense Notes payable Common stock Inventory $3,500 Cash 3,700 530 5,400 31,000 55,400 2,970 Supplies Unearned service revenue Salaries and wages payable Depreciation expense Equipment (net) Oriole Inc. Balance Sheet $6,360 3,720 Assets 820 780 Using the Information above, prepare a balance sheet as of December 31, 2025. (Hint: Solve for the missing retained earnings amount after first determining total assets and total llabilitles) (Ust assets in order of liquidity) 600 109,200 A
Transcribed Image Text:Current Attempt In Progress The following Information is available for Oriole Inc. Accounts receivable Accounts payable Interest payable Salarles and wages expense Notes payable Common stock Inventory $3,500 Cash 3,700 530 5,400 31,000 55,400 2,970 Supplies Unearned service revenue Salaries and wages payable Depreciation expense Equipment (net) Oriole Inc. Balance Sheet $6,360 3,720 Assets 820 780 Using the Information above, prepare a balance sheet as of December 31, 2025. (Hint: Solve for the missing retained earnings amount after first determining total assets and total llabilitles) (Ust assets in order of liquidity) 600 109,200 A
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