The following items were taken from the financial statements of Brewed Awakening Co. INSTRUCTIONS: PREPARE A CLASSIFIED BALANCE SHEET AS OF MAY 31 Accounts Payable Accounts Receivable Cash Common Stock Equipment Land Accumulated Dep.: Equipment 8 14 20 50 100 40 10 Mortgage Payable - long term Retained Earnings Salaries Payable Short term investments Supplies Unearned Service Revenue 40 70 16 24 12 16 Brewed Awakening Company Balance Sheet as of May 31

The following items were taken from the financial statements of Brewed Awakening Co. INSTRUCTIONS: PREPARE A CLASSIFIED BALANCE SHEET AS OF MAY 31 Accounts Payable Accounts Receivable Cash Common Stock Equipment Land Accumulated Dep.: Equipment 8 14 20 50 100 40 10 Mortgage Payable - long term Retained Earnings Salaries Payable Short term investments Supplies Unearned Service Revenue 40 70 16 24 12 16 Brewed Awakening Company Balance Sheet as of May 31

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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