The following information is available for Randall Inc. $2,400 3,700 580 Accounts receivable Accounts payable Interest payable Salaries and wages expense Notes payable Common stock Inventory 4,500 31,500 50,700 2,840 Cash Supplies Unearned service revenue Service revenue Salaries and wages payable Depreciation expense Equipment (net) $6,250 3,760 850 40,920 745 670 108,200 Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.)

The following information is available for Randall Inc. $2,400 3,700 580 Accounts receivable Accounts payable Interest payable Salaries and wages expense Notes payable Common stock Inventory 4,500 31,500 50,700 2,840 Cash Supplies Unearned service revenue Service revenue Salaries and wages payable Depreciation expense Equipment (net) $6,250 3,760 850 40,920 745 670 108,200 Using the information above, prepare a balance sheet as of December 31, 2022. (List assets in order of liquidity.)

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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