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
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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.)
Transcribed Image Text: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.)
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