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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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